NOCSF - Norseman Silver Completes Surface Program At Silver Switchback
(TheNewswire)
Vancouver, British Columbia - TheNewswire - August 18,2021 - Norseman Silver Inc. (TSXV:NOC)(“ Norseman ” or the “ Company ”) is pleased to announce that it hascompleted a surface mapping and sampling program at Silver Switchback.Results are pending and are expected shortly.
A crew from Hardline Exploration Corp. carried out thegeochemical rock and grid soil sampling program at the SilverSwitchback property. The field program primarily involved thecollection of additional soil samples to extend the grid coverage tothe east and northwest of the previously sampled areas in the 2012 and2020 surveys. As well, in-fill soil samples were collected to thesouth. The total geochemical soil grid area is now about 4.20km. X1.5km. Within this entire sampling zone, an area of about 2.20 km. by1.20 km. has been delineated as the area of greater interest.Effectively, this prime target area is now covered by closer-spaced100m. X 50m. grid sample spacing.
While traversing the lines and soil sampling thepre-determined points, geologic mapping and rock sampling were alsoconducted. At the completion of the field campaign, a total of 376soil samples and 8 rock samples were collected.
The property is located 55 kilometres east-southeast ofTerrace, B.C., in the Stikine terrane. The rocks on the property areof the Hazelton Group volcanics and sedimentary rocks. To date, onlylimited reconnaissance programs have been conducted on the property,which include a small, anomalous for copper and silver soil grid overthe northern portion of the Switchback showing. The earlier-completedoutcrop sampling includes samples that returned 626.3 grams per tonneAg and 4.39 per cent Cu, located roughly in the centre portion of theclaims (and the showing), and 138 g/t Ag and 4.02 per cent Cu in anoutcrop approximately 100 m to the north.
Volcanic redbed copper (VRC) deposits occur asconcordant and peneconcordant disseminated crosscutting vein, andfault-controlled copper sulphide and/or native copper deposits inpredominantly sub-aerial volcanic sequences. Mineralization cantypically comprise chalcopyrite, chalcocite, bornite covellite and/ornative copper which contain silver; this style of mineralization isdistinct from VMS deposits. Common textures and structures are openspace filling, vein and veinlets, replacement, disseminated, andlaminated mineralization.
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).
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 andapplicable state securities laws or an exemption from suchregistration is available.
On behalf of Norseman Silver Inc.
Sean Hurd
President and CEO
For further information, pleasecontact:
Sean Hurd
President and CEO
T: 604 505-4554
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
CAUTIONARYSTATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain"forward-looking statements" which are not comprised ofhistorical facts. Forward looking statements include estimates andstatements that describe the Company’s future plans, objectives orgoals, including words to the effect that the Company or managementexpects a stated condition or result to occur. Forward-lookingstatements may be identified by such terms as “believes”,“anticipates”, “expects”, “estimates”, “may”,“could”, “would”, “will”, or “plan”. Sinceforward-looking statements are based on assumptions and address futureevents and conditions, by their very nature they involve inherentrisks and uncertainties. Although these statements are based oninformation currently available to the Company, the Company providesno assurance that actual results will meet management’sexpectations. Risks, uncertainties and other factors involved withforward-looking information could cause actual events, results,performance, prospects and opportunities to differ materially fromthose expressed or implied by such forward-looking information.Forward looking information in this news release includes, but is notlimited to: the Company’s objectives, goals or future plans;exploration and drilling activities; final approval of the Offering;and the use of the proceeds from the Offering. Factors that couldcause actual results to differ materially from such forward-lookinginformation include, but are not limited to: delays in obtaining orfailures to obtain required governmental, environmental or otherproject approvals; political risks; inability to fulfill the duty toaccommodate indigenous peoples; uncertainties relating to theavailability and costs of financing needed in the future; changes inequity markets; inflation; changes in exchange rates; fluctuations incommodity prices; delays in the development of projects; capital andoperating costs varying significantly from estimates; other risksinvolved in the mineral exploration and development industry; aninability to predict and counteract the effects of COVID-19 on thebusiness of the Company and markets generally; and those risks set outin the Company’s public documents filed on SEDAR. Although theCompany believes that the assumptions and factors used in preparingthe forward-looking information in this news release are reasonable,undue reliance should not be placed on such information, which onlyapplies as of the date of this news release, and no assurance can begiven that such events will occur in the disclosed time frames or atall. The Company disclaims any intention or obligation to update orrevise any forward-looking information, whether as a result of newinformation, future events or otherwise, other than as required bylaw.
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