NOCSF - Norseman Reports on Silver Switchback Drilling
(TheNewswire)
Vancouver, British Columbia – TheNewswire - November 29 ,2022 – Norseman Silver Inc. (TSXV:NOC) ( OTC:NOCSF)(“ Norseman ” or the “ Company ”) is pleased to provide anupdate on the Company’s Q2 2022 drill program at Silver Switchback,located in British Columbia, Canada.
The complete assay results of all drill core samples which werecollected during the 2022 drilling campaign at the Silver Switchbackproject in the Omineca Mining Division, British Columbia have beenreceived. The four-hole drill program which was concluded inmid-September of 2022 followed the encouraging results that wereobtained from the ground IP-Resistivity survey conducted in July 2022.Four drill holes completed with a total length of 804 meters served toprobe into an approximately 1-km. long and N-S trending highchargeability anomaly.
The most interesting drill intercepts were encountered in drill holeSS22-03 which is located along the central section of the target highchargeability anomaly. Three significantly mineralized intervals wereintersected in this hole, the best of which is a 7-meter zone at 194m.down to the hole bottom at 201m. depth which picked up 3.58% Zn, 1.49%Pb and 20.84 ppm Ag including 7.81% Zn, 2.94% Pb and 37.65 ppm Ag from199m. to 201m. All mineralized intervals are characterized byquartz/sericite/calcite veins with associated pyrite, sphalerite,galena and chalcopyrite in decreasing concentrations. The threemineralized intercepts with their weighted average assays are in thetable below:
SS22-04, about 200 meters immediately to the north of SS22-03, alsointersected significantly mineralized intervals albeit with relativelylower concentrations. More importantly, the mineralized intervals atSS22-04 occur at shallower depths compared to SS22-03. The mineralizedzones range from 0.50 to 5 meters in length with the best interceptoccurring at 101 to 103m. depth which picked up 1.57% Zinc, 0.57% Leadand 13.68ppm Silver, including 3.11% Zinc, 2.25% Lead and 50.70ppmSilver from 101.50 to 102.00m. depth. Two (2) other more significantintervals showed elevated Zn, Pb and Ag values as follows:
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2.50 m. from 55.03m to 57.53m @ 0.22% Zn, 0.20% Pb and 4.38ppm Ag
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4.93 m. from 62.07m. to 70.15m @0.60% Zn, 0.25% Pb and 6.43 ppm Agincluding 1.75m. (68.40m-70.15m.) @ 1.24% Zn, 0.57% Pb and 13.68ppmAg
Drill holes SS22-01 and SS 22-02 were drilled along the southern andnorthern sections of the high chargeability body, respectively. Bothholes intersected relatively narrower and more subdued albeit stillanomalous metal values. These appear to have intersected the marginsof the mineralized body. Hole intervals of interest consisted of thesame type of veins in holes SS22-03 and 04 but these are widely spacedand significantly thinner structures. Mineralization appears to beerratic and confined only to 0.50 to 1.0 -meter intervals along theholes’ length. The best mineralized interval is a 1.08 meter-longzone from 123.52 to 123.60m. depth at SS 22-001, which picked up 0.81%Zn, 0.22% Pb. In the same drill hole, the highest Ag assay wasintersected at 159.22 to 160.22 m. depth, with values of 14.60ppm Ag,0.45% Zn and 0.39% Pb.
Although quite narrow intervals, all mineralized intervals intersectedmore specifically at SS22-03 remain open at depths. Interestingly, Agand the base metals as well as the anomalous Au contents, appear to beincreasing in intensity at deeper levels. Indeed, the zones ofsignificant Ag and base metal mineralization notably along the centralsections of the high chargeability anomaly as indicated in theencouraging intercepts along holes SS22-03 and SS22-04 deserve furtherevaluation. The complete geochemistry data shall be correlated withthe hole geology information to come up with possible projections onlikely trends towards the core of mineralization. Considering themineralization indications obtained so far, a follow-up drill programto probe the zones of continuity, both lateral to and vertical fromthe discovery holes appears warranted.
Quality Assurance and QualityControl
All drill cores were transported securely every day by thecompany-assigned truck from the drill site to the logging, samplingand storage facility in Smithers, BC. The drill site is located about64 kms. west of Smithers. As part of the QA/QC process,laboratory-certified standards, blanks and duplicate samples wereinserted into the sample chain at the facility in Smithers. FromSmithers, all drill core samples are transported securely by landthrough a cargo-courier duly licensed and certified in BC. The samplesare directly delivered and duly received at the ALS Canada Ltd.Laboratory located in North Vancouver, BC. Samples are dried, weighed,crushed to 70% passing -2mm, split to 250g pulps then crushed to 85%passing minus 75 microns. Samples are dissolved with four-aciddigestion and analyzed by 33-element ICP-AES, with gold by Fire Assay(AES Finish). Laboratory internal QA/QC sample standards by ALS Labsare also inserted in the sample stream during the laboratoryanalytical process.
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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