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Nord Precious Metals Provides Updated Resource Estimate for Gowganda Tailings Project

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Nord Precious Metals Mining (NTH.V) reported an updated resource estimate for the Gowganda silver tailings project in Ontario.

The project hosts indicated resources of about 1.8 million tonnes grading 47.4 grams per tonne (g/t) silver, containing about 2.8 million ounces of silver, at a 10 g/t silver cut-off grade, the mining exploration company said Tuesday.

Nord said the updated estimate will support the next phase of work at the project, which includes the selection of a recovery process, development of engineering design, and establishment of project economics alongside permitting.

"The updated resource gives us a defined silver inventory and a firm technical foundation for the work supporting our recovery-permit application," Chief Executive Officer Frank Basa said.

"Our objective is silver production at Gowganda, and we are pressing the engineering, metallurgy and permitting work forward," Basa added.

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