Nord Precious Metals resumes permitting ahead of Castle silver bulk sample

The copper-zinc-gold-silver project in Saskatchewan has a projected 18-year mine life, over which it could produce 65 million lb. of copper-equivalent annually.

Phase one of the project in Saskatchewan includes an after-tax IRR of 48.5% and an after-tax NPV of $1.0 billion.

The White Pine North project is an extension of the historical White Pine mine that operated from 1953 to 1995.

Sitka is part of the surging Tombstone Gold Belt east of historical Dawson City that includes several early-stage projects.

Along with the 100% project ownership of the Enonkoski nickel-copper-cobalt project, it will retain all drilling results.

Drilling in 2022 converted an additional 1.99 million oz. to the measured and indicated category.

The PEA gives Shovelnose an after-tax NPV, at a 6% discount, of C$222 million, with an IRR of 32.3%.

The drilling was done in two phases on an underexplored area between the Springer and Cariboo mineralized zones near Williams Lake, BC.

In the first half of 2023, the miner had up to 19 active drill rigs and completed a total of 78,973 metres of drilling in Mexico and the US.