NOC:CC - New Mineralized Targets Discovered at Taquetren Project Argentina
(TheNewswire)
Highlights:
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7 samples collected at Veta Juan zone averaged 7.73%copper (previously announced).
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New discoveries (Veta Nueva and Mirasol) 5 km northwestof Veta Juan - Veta Nueva returned average of 4.11% copper in 2samples (2.7 m @ 4.8% Cu, 0.5 g/t Au and 78.7 g/t Ag).
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New discovery “Irma” returned 11.48 gram per tonnegold across 0.4 metres.
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4 significant mineralized targets identified (VetaJuan, Irma, Veta Nueva-Mirasol, Martha) over 5 km.
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Targets located along perceived rims of volcaniccaldera complex.
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No evidence of previous base or precious metalsexploration, first mover advantage.
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Low hillside underlain by residual rubble – notransported 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 chipsamples which were collected from the Veta Nueva vein, anothersignificant vein structure located about 5 kms. northwest of the VetaJuan vein, picked up very encouraging assay values. Norseman Silverhas an option to acquire a 100% interest in the TaquetrenProject.
“These recent results highlight the potential of theTaquetren Project which is very unique, since it has seen little or noprevious exploration for base or precious metals. Considering theprojects 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. Theresults to date, in particular the copper grades are veryencouraging.” Stated Sean Hurd, President & CEO.
The upcoming program at Taquetren will involve more detailed surfacework along the 5-km. target corridor. Multi-element soil gridgeochemistry as well as more detailed geologic mapping and rocksampling 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 todesign the ground IP-Resistivity survey layout.
Through the course of the detailed surface studies at the initialtarget area, prospecting work shall be carried out simultaneouslywithin the rest of the expanse of the six (6) cateos. With theencouraging results of the 2021 surface exploration work, thelikelihood of finding additional target zones for further detailedstudies remain high.
Rock chip samples whichwere collected from the Veta Nueva vein, another significant veinstructure located about 5 kms. northwest of the Veta Juan vein, pickedup very encouraging assay values. Two (2) samples showed averagevalues of 4.11% Cu and 67 ppm Ag. The vein which has a currentlyexposed width of 2.70 meters resembles closely Veta Juan and ischaracterized by strong disseminations of chalcopyrite and borniteassociated with malachite and azurite.
Along the same zone ofVeta Nueva, a separate 0.25 cm.-wide vein of the same character wasalso mapped out about 3 meters to the east of Veta Nueva. One samplefrom this vein (Veta Mirasol) returned 4.20% Cu and 54 ppm Ag. Theselatest field findings strongly suggest the possible existence ofsignificantly wider veins and the potential of finding other veinzones along the 5 km. NW-SE trending mineralized corridor which bounds the perceived caldera structure between the VetaJuan and Veta Nueva occurrences.
| 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) |
Area Irma is another newzone of encouraging discovery. This area which is about 2 kms.northwest of the Veta Juan zone and also located along the same 5 km.NW-SE trending belt came out anomalous for Cu and Au in the sedimentsamples. Several rock float and outcrop samples collected also pickedup significant values of Au with associated elevated values of Pb (up to 11.49 g/t Au and 1.68 % Pb across 0.4metres).
Figure1: Map showing the anomalous copper values in the stream sedimentsamples collected to date.
Figure2: Map showing the anomalous gold values in the stream sedimentscollected to date.
New mineralized veinstructures with currently exposed zones ranging from 1.00 to 2.10meters were discovered along the trenches at the Area Irma. The veinsgenerally strike northeast parallel to the veins delineated in the Veta Juan and VetaNueva areas. Quartz with fresh pyrite and chalcopyrite disseminationsand significantly stained with Fe oxides were observed along rockoutcrops. Two vein sets trending E-W and NE-SW were mapped out andthese closely relate to both the deposit types of the Calcatreu andMina Angela veins located to the SE of the Taquetren property.
Eighteen (18) rockoutcrop samples collected along three (3) shallow diggings at the AreaIrma picked up anomalous values for gold. The exposed quartz-sulfidevein zones lie along a NE-trending strike that extends to about 350meters. Eight (8) samples assayed > 0.80 g/t Au with a high of upto 11.48 g/t Au. Associated silver mineralization came out anomalousas well picking up a high of 22.6 g/t Ag. Copper values are relativelysubdued compared to the veins in the Veta Juan and Veta Nueva areasbut Pb is up to 1.48% and Zn is as high as 0.24%. Arsenic is alsoanomalous with values of up to 1,064 ppm.
| 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 |
Figure3: Map showing the location of the vein samples with significant goldand copper values along the Veta Juan to Marta target corridor.
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).
Figure 4: Map showing the location ofTaquetren Project and the Navidad-Calcatreu Mining District in RioNegro and Chubut Provinces of Argentina.
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.
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 projects, located in a prolific region incentral British Columbia, Canada, and the Taquetren silver project,located in Rio Negro, Argentina. Norseman Silver’s shares are listedon the TSX Venture Exchange under the symbol NOC and on the OTCQBunder the symbol NOCSF. Learn more about Norseman Silver at 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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