Silver Junior Assays Bonanza-Grade Copper in Samples From Argentina Project


Bonzana-grade copper in a sizzling copper market? Samples discovered by one Vancouver-based explorer have returned copper grades as excessive as 9.63% in a area of Argentina recognized for its world-class discoveries.

Assays on rock samples taken from a calcite-quartz-sulphide vein on Norseman Silver Ltd. (NOC:TSX.V) Taquetren silver-gold undertaking in Rio Negro province, Argentina, have returned copper grades as excessive as 9.63%.

“They’re enormous copper numbers.”

—Norseman Silver President and CEO Sean Hurd

 

 

 

The seven rock chip samples discovered throughout reconnaissance exploration have been from a 10-20 cm-wide vein often called Veta Juan. They have been collected alongside a strike size of roughly 300 meters.

The pattern grades averaged 7.73%, with the bottom registering at a strong 2.46%. And with copper costs greater than doubling since April 2020 in opposition to a backdrop of world provide constraints, the invention comes at good a time.

Assay labs use totally different methods in assaying. The tactic used initially on the Taquetren samples measured metals values as much as a sure threshold however nothing extra.

Norseman Silver project map
A map outlining the situation of the Taquetren silver-gold undertaking in Rio Negro province, Argentina.  Supply: Norseman Silver Ltd.

As soon as Norseman realized that the samples had returned grades above the detection restrict, they despatched them again to be re-assayed — solely with none detection limits in place. That’s when the corporate realized it had bonanza-grade samples.

“We had a bunch of assays again that have been on the higher restrict of the detection restrict. So we despatched them again, they usually use a unique approach to check for larger grade. And we acquired the outcomes again and we have been pleasantly stunned. They’re enormous copper numbers,” Norseman Silver President and CEO Sean Hurd informed Streetwise Reviews.

The re-analysis confirms the vein mineralization potential alongside this zone of the 285-sq.-kilometer Taquetren land bundle in southern Argentina’s Navidad-Calcatreu Mining District.

Sector Pundits Weigh In

 

And sector specialists are taking word.

As early as final Spring, Michael Ballanger affectionately named the Taquetren undertaking the “Son of Navidad” and flagged it as a “world-class exploration play.”

Michael Swanson of WallStreetWindow tagged Norseman as his high inventory choose simply final month — and NOC isn’t completed its preliminary exploration work and continues to gather reconnaissance-scale sediments and different rock samples at Taquetren.

Preliminary assay outcomes of the present samples affirm the anomalous multi-element concentrations alongside the northwest-southeast trending Veta Juan to the Veta Nueva (new vein) zone.

Veta Nueva is near Space Marta, a zone which was mapped out with distinct options of low-sulphidation epithermal-style rock textures and alteration. A number of outcrops and rock float fields of variably silicified volcanic rocks and calcites with bladed textures have been encountered alongside Space Marta.

Primarily based on the sampling to this point, Norseman says the northwest-southeast trending zone extends for a strike size of about 5 km and lies alongside the rim of a caldera (a former volcano).

copper chart 1.5 year
Copper worth chart since its backside in March 2020.  Supply: StockCharts.com

Argentina is the world’s eighth-largest nation but it surely stays largely unexplored.

World-Class Discoveries Made

 

Regardless of the dearth of consideration, a number of world-class discoveries have been made there, together with Patagonia Gold Plc’s (PGD:LSE) Calcatreu gold-silver deposit and Pan American Silver Corp.’s (PAAS:TSX; PAAS:NASDAQ) Navidad silver undertaking— the world’s largest undeveloped silver deposit, with a measured and indicated useful resource exceeding 600 million oz silver.

Hurd is not any stranger to Argentina. In 2002, he was a director of former Grosso Group firm IMA Exploration when it found Navidad in north-central Chubut province.

He later based Blue Sky Uranium and began growth of the Amarillo Grande uranium-vanadium undertaking, additionally in Rio Negro province.

Norseman has an choice to earn a 100% curiosity in Taquetren.

The corporate has about CA$1.8 million in money and plans to spend the summer season conducting a modest drill program on its Silver Switchback undertaking close to Terrace, B.C.

Norseman trades in a 52-week vary of CA$0.48-$0.165 and has about 68.8 million shares excellent.


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Disclosures

1) Brian Sylvester compiled this text for Streetwise Reviews LLC and offers companies to Streetwise Reviews as an impartial contractor. He or members of his family personal securities of the next corporations talked about within the article: None. He and members of his family are paid by the next corporations talked about on this article: None. His firm has a monetary relationship with the next corporations referred to on this article: None.

2) As of the date of this text, an affiliate of Streetwise Reviews has a consulting relationship with Norseman Silver Ltd. Please click on right here for extra data. The knowledge supplied above is for informational functions solely and isn’t a suggestion to purchase or promote any safety. 

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4) Infrequently, Streetwise Reviews LLC and its administrators, officers, workers or members of their households, in addition to individuals interviewed for articles and interviews on the positioning, might have a protracted or quick place in securities talked about. Administrators, officers, workers or members of their instant households are prohibited from making purchases and/or gross sales of these securities within the open market or in any other case from the time of the choice to publish an article till three enterprise days after the publication of the article. The foregoing prohibition doesn’t apply to articles that in substance solely restate beforehand printed firm releases. As of the date of this text, officers and/or workers of Streetwise Reviews LLC (together with members of their family) personal securities of Norseman Silver Ltd., an organization talked about on this article.

 

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