NOCSF - Exploration Update Taquetren Project Argentina
(TheNewswire)
Vancouver, British Columbia – TheNewswire - March 8, 2022 – Norseman SilverInc. (TSXV:NOC) ( OTC :NOCSF) (“ Norseman ” or the“ Company ”) is pleased to announce an exploration update on theTaquetren Silver-Gold Project in Southern Argentina. Exploration hassuccessfully discovered a low sulphidation (LS) epithermal vein systemwithin its 285 sq. km Taquetren project in Rio Negro,Argentina.
Towards the southern sections of the group of claims(or SSW sections of Coiron 3 claim), the team encountered a highlymineralized vein with distinct Cu sulfides/oxides (Veta Juan). Acalcite-quartz-sulfide vein (10-20 cm wide) and traceable to a strikelength of about 300 meters was observed. Seven (7) samples collectedalong the vein’s strike (outcrop and floats) all assayed >1% Cu.Four of the samples contain >100 ppm Ag, two of which having>200 ppm Ag. Gold is also anomalous and ranges in values from 0.06to 0.49 ppm. Although the structure is quite narrow, this is a veryencouraging occurrence and an indication of a currently perceivedCalcatreu-type of mineralization in the area. This certainly comes inas one distinct target area.
Along the western portion of the claims, and stillfollowing the margins of a circular structure, Norseman’s team has also encountered the samegeology/stratigraphic sequence similar to the Navidad setting i.e.,carbonate rocks on top of a volcanic breccia rock unit. These rocksserve as the favorable host rocks of the Ag and poly-metallicmineralization at Navidad. No evidence of previous exploration on theground has been identified. The Company staked an additional 300 sq.km in Q4 2021 that is contiguous to the original Taquetren claims toexpand the property boundaries.
Taquetren is located in the Navidad-Calcatreau MiningDistrict in SW Rio Negro Province, and approximately 30 km north ofChubut Province. Accessed by high quality and well maintained pavedand 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).
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.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATIONSERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXVENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACYOF THIS RELEASE.
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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