NOCSF - Corrected: Norseman Silver Corporate Update
(TheNewswire)
Vancouver, British Columbia – TheNewswire - November 23 ,2021 – Norseman Silver Inc. (TSXV:NOC)( OTC :NOCSF)(“ Norseman ” or the “ Company ”) is pleased to provide a CorporateUpdate on its exploration and Corporate activities in 2021.
During 2021 Norseman’s exploration team has been veryactive advancing the Company’s projects in British Columbia, Canada,and in Rio Negro Province, Argentina. Exploration programs have beenconducted in British Columbia on the Silver Switchback, Silver Vistaand Caribou projects. In Argentina, exploration is currently underwayon the Taquetren project.
Taquetren project, Argentina
In Rio Negro Province, Argentina, crews are now in thefield on the Taquetren project. The project is located in anunderexplored region that hosts Patagonia Gold’s CalcatreauGold-Silver Deposit and Pan American’s Navidad, one of the world’slargest undeveloped silver deposits. The exploration program is beingconducted by seasoned professionals with extensive explorationexperience in Argentina.
Field work is focused on rock and stream sedimentsampling and work is also in the process to expand the land packagethrough the acquisition of additional grounds adjacent to the project.This program is expected to be completed by the end of 2021 withresults available in late December or early January 2022. Norsemanplans to continue to expand its exploration at Taquetren through anaccelerated exploration program in Q1, 2022.
Silver Switchback
On Silver Switchback an extensive geochemical programhas been completed. The geochemical rock and grid soil samplingprogram primarily involved the collection of samples to fill in andextend the grid coverage over the known mineralized zones. The totalgeochemical soil grid area is now about 4.90 km X 1.4km. The nextPhase of work will be to conduct a geophysical survey followed up witha drill program to test high priority targets on the project.
Silver Vista
Exploration in late summer of 2021 on Silver Vista wasfocused on a 1,500 m. drill program to define the strike length anddown-dip extensions of the already-identified Silver-Coppermineralization. Mineralization trends remain open in all directions.This drill program has been completed and results are expected to beavailable in early December of this year.
Caribou
The work program at Caribou concentrated on expandingpreviously announced results that include 4.93% copper, 242.5 g/tsilver in a 7.6 m trench within a 1500 metre by 500 metre soil anomalyin the NH target area. Infill- geochemical soil sampling was carriedout in the Eastern Block NH Target as well as in another separateWestern Block. In addition, a ground IP-Resistivity survey consistingof 6 IP line kilometres within a 45-hectare area at NH was alsocompleted. The goal of these work programs is to define further themineralized targets for trenching and/or drilling in the next fieldseason. Prospecting work which involved mapping and rock sampling wasalso completed within the newly-acquired 1, 867- hectare concessionwhich is located directly north of the main Caribou concessions.Results from Norseman’s exploration at Caribou are expected in thecoming weeks.
Corporately Norseman Silver hasbeen approved for trading on the OTCQB Venture Market under the tickersymbol "NOCSF", which took effect on February 18,2021.
Qualified Person
The technical information in this news release wasreviewed by Rene Victorino, P. Geo., Vice President for Exploration ofNorseman Silver Inc., a qualified person as defined under NationalInstrument 43-101 (NI 43-101).
Norseman Silver is focused on acquiring, exploring anddeveloping silver assets with upside potential in the Americas. TheCompany’s current property portfolio includes the Cariboo, SilverVista, Silver Switchback and New Moon projects, located in a prolificregion in central British Columbia, Canada, and the Taquetren silverproject, located in Rio Negro, Argentina. Norseman Silver’s sharesare listed on the TSX Venture Exchange under the symbol NOC and on theOTCQB under the symbol NOCSF. Learn more about Norseman Silverat www.norsemansilver.com .
This press release does not constitute an offer to sellor a solicitation of an offer to buy any of the securities in theUnited States. The securities have not been and will not be registeredunder the United States Securities Act of 1933, as amended, or anystate securities laws and may not be offered or sold within the UnitedStates or to or for the account or benefit of a U.S. person (asdefined in Regulation S under the United States Securities Act) unlessregistered under the U.S. Securities Act and applicable statesecurities laws or an exemption from such registration isavailable.
Onbehalf of Norseman Silver Inc.
Sean Hurd
President and CEO
Forfurther information, please contact:
Sean Hurd
President and CEO
604-505-4554
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