2021 Exploration Targets
The 2021 exploration drilling program at Burfjord is focused on a number of copper targets that contain or are surrouned by historical adits, pits and workings within the extensively iron-carbonate altered Burfjord Anticline. These targets have been identified and prioritized using lithological and structrual mapping, extensive rock and soil sampling and ground based electromagnetic geophysics (Figure 1). High priority target areas within the East, Hinge and West zones of the anticline are described below.
East Limb (Gamlegruva, A-Gruva, Bergmark, and Magnusgruven)
The "East Limb" targets constitute a ~5 kilometer-long trend of discontinuously outcropping copper occurrences and historical mine adits characterized by disseminated copper sulphide mineralization (chalcopyrite and sporadic bornite) associated with hematite-jasper breccia and/or carbonate veins hosted by chlorite (locally albite) or potassically altered pillow basalts and albitized black shales (Figure 1). As part of a surface exploration program in 2020 an electromagnetic (TEM) anomaly (130-150 Siemens) was identifed in the southern portion of the East Limb that is approximately 1,900 metrers in strike with a near-vertical dip (Figures 1 and 2). This feature occurs near the mafic volcanic-albitized black shale contact and is the target horizon for a number of the planned drill holes in the East Limb.
West Limb (Kisgangen, A- Kalkspatgangen, and Peninsula)
The geology of West Limb is dominated by a 3,000 meter by 400 meter albite-iron carbonate-magnetite altered clastic sedimentary unit (L-Unit) that is locally brecciated and contains disseminated copper sulphides (chalcopyrite) and chalcopyrite bearing quartz-carbonate veins. Historic adits are present within and along the flanks of this unit and are the focus exploratory drilling in this program.
Burfjord Joint Venture Terms
Norden Crown entered into an option agreement (the "Agreement") with Boliden in respect to Burfjord (see
Overview of the
The Project, located in the Kåfjord Copper Belt near Alta,
Copper bearing veins in the area are dominated by ferroan carbonate, sodium-rich minerals, and iron-oxide minerals (magnetite and hematite), but also contain the economically important minerals chalcopyrite, bornite and chalcocite in addition to cobalt-rich pyrite as generally coarse grained (often 0.5 centimetre to multi-centimetre scale) disseminations in the veins.
Burfjord is comprised of six exploration licenses totaling 5,500 hectares in the Kåfjord Copper Belt near Alta in
About Norden Crown
Norden Crown is a mineral exploration company focused on the discovery of silver, zinc, copper, and gold deposits in exceptional, historical mining project areas spanning
Qualified Person
On behalf of Norden Crown Metals Corp.
Neither
1. | Intercept reported as seen in drill core. The true width is estimated at 85-100% of the reported interval. |
2. | See Norden Crown's |
3. | Source: NGU Deposit Factsheet, Deposit Area 1943-010, 1997. Norden Crown's property reviews have confirmed the geologic setting and occurrence of mineralization on the Project and considers the historic exploration data to be relevant as reported in public disclosures and government reports. |
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain statements that may be deemed "forward–looking statements". Forward–looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements may include, without limitation, statements relating to future outlook and anticipated events, such as the successful completion of the exploration program (consisting of diamond drilling, mapping, prospecting, outcrop sampling, airborne magnetic and ground electromagnetic geophysical surveys) as discussed herein, the dates the various segments of the exploration program will commence, the duration of various segments of the exploration program, and the planned uses of the resulting data. Although Norden Crown believes the expectations expressed in such forward–looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward–looking statements. Such material risks and uncertainties include, but are not limited to, [NTD: the exploration program is characterized as fully-funded] the ability of the various contracted entities to complete their duties within the time expected by the Company, inclement weather conditions that may impede, delay or stop all or part of the exploration program, the effects of the Covid 19 epidemic or other epidemics or pandemics, mechanical breakdowns of equipment used in the exploration programs, changes in economic conditions or financial markets; the ability of Norden Crown to obtain the necessary consents required to explore, drill and develop the projects and if obtained, to obtain such consents in a timely fashion relative to Norden Crown plans and business objectives for the projects; the general ability of Norden Crown to drill test its projects and find mineral resources; if any mineral resources are discovered or acquired, the Company's ability to monetize any such mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations. Forward–looking statements are based on the reasonable beliefs, estimates and opinions of Norden Crown management on the date the statements are made. Except as required by law, Norden Crown undertakes no obligation to update these forward–looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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