2022-09-26 13:20:47
Highlights:
-
7 samples collected at Veta Juan zone averaged 7.73% copper (previously announced).
-
New discoveries (Veta Nueva and Mirasol) 5 km northwest of Veta Juan – Veta Nueva returned average of 4.11% copper in 2 samples (2.7 m @ 4.8% Cu, 0.5 g/t Au and 78.7 g/t Ag).
-
New discovery “Irma” returned 11.48 gram per tonne gold across 0.4 metres.
-
4 significant mineralized targets identified (Veta Juan, Irma, Veta Nueva-Mirasol, Martha) over 5 km.
-
Targets located along perceived rims of volcanic caldera complex.
-
No evidence of previous base or precious metals exploration, first mover advantage.
-
Low hillside underlain by residual rubble – no transported overburden, very sparse outcrop.
Vancouver, British Columbia – TheNewswire – September 26, 2022 – Norseman Silver Inc. (TSXV:NOC) (OTC:NOCSF) (“Norseman” or the “Company”) is pleased to announce rock chip samples which were collected from the Veta Nueva vein, another significant vein structure located about 5 kms. northwest of the Veta Juan vein, picked up very encouraging assay values. Norseman Silver has an option to acquire a 100% interest in the Taquetren Project.
“These recent results highlight the potential of the Taquetren Project which is very unique, since it has seen little or no previous exploration for base or precious metals. Considering the projects proximity to significant discoveries and the sheer size of the project (6 cateos or prospecting permits totalling ~59,000 ha), this represents an exciting opportunity for Norseman. The results to date, in particular the copper grades are very encouraging.” Stated Sean Hurd, President & CEO.
The upcoming program at Taquetren will involve more detailed surface work along the 5-km. target corridor. Multi-element soil grid geochemistry as well as more detailed geologic mapping and rock sampling shall be carried out within an area of about 3,000 hectares. The same soil survey area shall also be covered by ground magnetics, the complementary results of which will eventually be utilized to design the ground IP-Resistivity survey layout.
Through the course of the detailed surface studies at the initial target area, prospecting work shall be carried out simultaneously within the rest of the expanse of the six (6) cateos. With the encouraging results of the 2021 surface exploration work, the likelihood of finding additional target zones for further detailed studies remain high.
ROCK SAMPLE ANALYSIS HIGHLIGHTS:
|
||||
Sample Type
|
% Copper
|
g/t Silver
|
g/t Gold
|
Area
|
Rock Float Chip
|
8.95
|
212
|
0.33
|
Veta Juan
|
Rock Subcrop Chip
|
7.50
|
153
|
0.49
|
Veta Juan
|
Rock Subcrop Chip
|
9.63
|
127
|
0.24
|
Veta Juan
|
Rock Float Chip
|
9.06
|
202
|
0.19
|
Veta Juan
|
Rock Float Chip
|
9.22
|
16
|
0.06
|
Veta Juan
|
Rock Subcrop Chip
|
2.46
|
81
|
0.08
|
Veta Juan
|
Rock Subcrop Chip
|
7.26
|
45
|
0.14
|
Veta Juan
|
Rock Outcrop Chip
|
5.45
|
91
|
0.67
|
Veta Nueva
|
Rock Outcrop Chip
|
2.76
|
43
|
0.25
|
Veta Nueva
|
Rock Outcrop Chip
|
4.20
|
54
|
0.28
|
Veta Nueva (Marisol)
|
Figure 1: Map showing the anomalous copper values in the stream sediment samples collected to date.
Figure 2: Map showing the anomalous gold values in the stream sediments collected to date.
ROCK SAMPLE ANALYSIS HIGHLIGHTS:
|
||||||
Sample Type
|
% Copper
|
g/t Silver
|
g/t Gold
|
% Lead
|
% Zinc
|
Area
|
Rock Outcrop Chip
|
0.010
|
5.9
|
1.55
|
0.04
|
0.01
|
Irma
|
Rock Outcrop Chip
|
0.040
|
5.5
|
0.87
|
0.73
|
0.12
|
Irma
|
Rock Outcrop Chip
|
0.015
|
16.0
|
3.13
|
0.01
|
0.00
|
Irma
|
Rock Outcrop Chip
|
0.024
|
11.5
|
1.19
|
0.01
|
0.01
|
Irma
|
Rock Outcrop Chip
|
0.010
|
3.6
|
2.46
|
0.04
|
0.03
|
Irma
|
Rock Subcrop Chip
|
0.162
|
7.0
|
1.19
|
0.65
|
0.24
|
Irma
|
Rock Outcrop Chip
|
0.018
|
4.5
|
3.43
|
0.06
|
0.01
|
Irma
|
Rock Outcrop Chip
|
0.015
|
22.6
|
11.48
|
1.68
|
0.03
|
Irma
|
Figure 3: Map showing the location of the vein samples with significant gold and copper values along the Veta Juan to Marta target corridor.
Taquetren is located in the Navidad-Calcatreau Mining District, in SW Rio Negro Province, and approximately 30 km north of Chubut Province. Accessed by high quality and well maintained paved and gravel roads. This under-explored district hosts several deposits, including Navidad, one of the largest silver deposits in the world (M&I: 632M Oz Ag contained in 155.2 Mt @ 127 g/t Ag, 0.85% Pb, 0.05% Cu, 150 g/t AgEq).
Figure 4: Map showing the location of Taquetren Project and the Navidad-Calcatreu Mining District in Rio Negro and Chubut Provinces of Argentina.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the United States Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Qualified Person
The technical information in this news release was reviewed by Rene Victorino, P. Geo., Vice President for Exploration of Norseman Silver Inc., a qualified person as defined under National Instrument 43-101 (NI 43-101).
About Norseman Silver
Norseman Silver is focused on acquiring, exploring and developing silver assets with upside potential in the Americas. The Company’s current property portfolio includes the Cariboo, Silver Vista, Silver Switchback and projects, located in a prolific region in central British Columbia, Canada, and the Taquetren silver project, located in Rio Negro, Argentina. Norseman Silver’s shares are listed on the TSX Venture Exchange under the symbol NOC and on the OTCQB under the symbol NOCSF. Learn more about Norseman Silver at www.norsemansilver.com.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the United States Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
On behalf of Norseman Silver Inc.
Sean Hurd
President and CEO
For further information, please contact:
Sean Hurd
President and CEO
This email address is being protected from spambots. You need JavaScript enabled to view it.
604-505-4554