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Norseman Silver Finds Mineralization of 240 g/t Silver Over 7.5-Meter Run

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“Dominant” silver projects led by experienced, local teams in mining-friendly jurisdiction and proven locations are the foundation for Norseman Silver’s plans for the next 12 months.

In a recent interview with Streetwise Reports, Sean Hurd, CEO of Norseman Silver [TSX-V: NOC], compared silver to a “coiled spring.” Hurd went on to say that “when silver moves, pure silver plays really get alerted.”

A 20-year veteran in the mining sector, Hurd talked with Streetwise Reports about several “dominant” silver plays Norseman has in its portfolio. Silver Vista, Silver Switchback, and Cariboo are all located near Smithers, British Columbia, Canada. The third project, Taquetren, is in Rio Negro province, Argentina.

In August 2021, Norseman announced the start of a 1,500 meter, eight-hole drill program at Silver Vista.

"Kyler Hardy, who serves on our board of directors ... was out at Cariboo, fell down a cliff, looked up and saw bright green mineralization staring him in the face."

 

The program will define the strike length and down-dip extensions of the already identified silver-copper mineralization on the property. “We know from work done earlier by Hunter Dickinson that there is a strong geophysical anomaly, coincident to surface sediment-hosted mineralization,” Hurd said. Citing a “high potential for near-surface copper and silver, our goal in 2021 is to understand the mineralization system and expand on the known results.” The company expects to release its first results in October.

“It turns out he was looking at mineralization of 240 g/t silver and 5% copper over a run of about 7.5 meters.”

 

Norseman has surface programs underway at Switchback and Cariboo. Outcrop sampling at Switchback includes samples that returned 626.3 grams per tonne (g/t) silver and 4.39% copper at the center of the claim and 138 g/t silver and 4.02% copper in an outcrop approximately 100 meters to the north.

“At Cariboo, we are building on work done by Kyler Hardy, who serves on our board of directors. He was out at Cariboo, fell down a cliff, looked up and saw bright green mineralization staring him in the face. Luckily he wasn’t hurt,” Hurd recounted. “It turns out he was looking at mineralization of 240 g/t silver and 5% copper over a run of about 7.5 meters.” The company’s next steps at Cariboo include geophysical work, prospecting and staking.

“When it comes to the technical price factor of relative strength, NOC has now risen to the top of its sector," says Mike Swanson of Wall Street Window.

These three projects, according to Hurd, have the advantage of being in “superb” locations in a mining-friendly jurisdiction. “We have access to great people with family roots in mining, bright people who know the area,” he said. “Plus, Silver Vista is accessible year-round.”

As work winds down in Canada, Norseman will shift focus to its Taquetren project in Argentina. Located in the Navidad-Calcatreau mining district in the southwest part of Rio Negro province, the project covers 285 square kilometers (150 square miles) adjacent to the Gastre Fault system. Norseman’s team on the project includes Daniel Desandre, who participated in the discovery of the Navidad Silver deposit, at 600 million ounces silver, one of the largest silver deposits in the world.

On the financial side, Norseman recently closed a C$1.5 million private placement, in which current shareholders “doubled down,” according to Hurd. “We are pleased that our investors have high confidence that their shares are in solid hands, that they see our big-picture vision and are with us for the long-term.”

"Norseman is in position to become a leading mining stock . . .” says Swanson.

“We are looking for the big one here,” Hurd said. “Again, we have an experienced team working in an outstanding location. The team is taking grid samples now, to be followed by geophysics, trenching and a drilling program, we anticipate, in 2022.” The complementary calendars of the company’s efforts in North and South America, Hurd said, would provide a steady stream of results.

One of those shareholders is Mike Swanson, who made Norseman Silver one of his August 2021 stock picks in Wall Street Window. He noted, “When it comes to the technical price factor of relative strength, NOC has now risen to the top of its sector. It is in position to become a leading mining stock . . .”

At the time of publication, Norseman’s market cap is at CA$15.49 million. With 47.6 million shares outstanding, share prices have been fluctuating in the range of CA$0.31 to CA$0.38. The 52-week high was CA$0.76 as of September 28, 2021.

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Disclosure:

1) Diane Fraser conducted this interview for Streetwise Reports LLC and provides services to Streetwise Reports as a contractor. She owns, or members of her immediate household or family own, shares of the following companies mentioned in this article: None. She is, or members of her immediate household or family are, paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Norseman Silver Ltd. Please click here for more information. An affiliate of Streetwise Reports is conducting a digital media marketing campaign for this article on behalf of Norseman Silver Ltd. Please click here for more information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

3) Sean Hurd is an officer of Norseman Silver Ltd. and owns securities of the company. Sean Hurd is paid by the following companies mentioned in this article: Norseman Silver Ltd.  

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Norseman Silver Ltd., a company mentioned in this article.




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