May 29, 2025 — Nord Precious Metals Mining Inc. (TSXV: NTH | OTCQB: CCWOF) is pressing to transform Ontario’s historic Castle property into a modern silver powerhouse, CEO Frank Basa told InvestorNews host Tracy Hughes in a candid field-side interview. “We want to get our resource up,” he said, citing a completed 60,000-metre drill program and a new 3-D model that shows grades remain spectacular even as sampling envelopes widen. The company already boasts an inferred 7.56 million ounces averaging 8,582 g/t silver—“the highest silver resource anybody has ever had globally”—and Basa believes a much larger total is within reach as Nord integrates fresh data from its aggressive drilling.
Momentum accelerated after a May 6 news release highlighted blockbuster intercepts of 89,859 g/t, 50,583 g/t and 70,380 g/t silver in the “productive Nipissing Diabase.” “We found five structures—there’s a potential for another five,” Basa noted, adding that an additional 30,000 metres of drilling will probe the largely untouched lower contact of the diabase, a setting that historically yielded more than half a billion ounces across the Cobalt-Gowganda camp. Nord now controls 74 sq. km around the past-producing Castle Mine and has already spent C$1.2 million on environmental work to fast-track a ramp that would connect these underground targets to surface infrastructure.
While resource expansion is the priority, Basa is also engineering near-term cash flow through tailings reprocessing and battery-metal technologies. A permit expected this summer could unlock “tens of millions of dollars’ worth of silver in the old tailings,” processed through a new gravity plant whose residue will backfill crown pillars to stabilize underground workings. Meanwhile, the proprietary Re-2Ox hydrometallurgical circuit—backed by C$8 million in test work—converts arsenic-rich feed into battery-grade cobalt sulphate and NMC formulations. For the coming seasons, the marching orders remain simple,” Basa said: “Drill, drill, drill,” optimistic and confident that relentless metreage and integrated metallurgy will turn Castle’s dazzling grades into a world-scale deposit.
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About Nord Precious Metals Mining Inc.
Nord Precious Metals Mining Inc. operates the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, where the company has established a unique position integrating high-grade silver discovery with strategic metals recovery operations. The Company’s flagship Castle property encompasses 63 sq. km of exploration ground and the past-producing Castle Mine, complemented by the Castle East discovery where drilling has delineated 7.56 million ounces of silver in Inferred resources grading an average of 8,582 g/t Ag (250.2 oz/ton).
Nord’s integrated processing strategy leverages the synergistic value of multiple metals. High-grade silver recovery supports the economics of extracting critical minerals including cobalt, nickel, and other battery metals, while the company’s proprietary Re-2Ox hydrometallurgical process enables production of technical-grade cobalt sulphate and nickel-manganese-cobalt (NMC) formulations. This multi-metal approach, combined with established infrastructure including TTL Laboratories and underground mine access, positions Nord to capitalize on both precious metals markets and the growing demand for battery materials.
The Company maintains a strategic portfolio of battery metals properties in Northern Quebec through its 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS) as well as the St. Denis-Sangster lithium project comprising 260 square kilometers of prospective ground near Cochrane, Ontario.
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