Featured Company /
Norden Crown Metals Corp.
According to a recent report from Fitch Solutions, global miners can expect another exceptional year in 2022. The firm’s analysts forecast global mineral and metal production to increase and capital expenditure to “remain on its recovery trend.” Furthermore, while some metal prices will moderate modestly lower next year, even those will remain high compared to historical standards.
Fitch makes many astute observations about how majors navigated the COVID-19 pandemic and all the subsequent challenges to perform admirably, focusing on reducing debt and operational efficiencies. These initiatives helped companies like Rio Tinto (NYSE:RIO) (NYSE:FCX) (NYSE:VALE)
Majors and mid-tier producers continuing to perform well will benefit upstarts as investors look for hidden value. Due diligence in this area involves a deep dive into an explorer’s management team, as well as its properties (type, stage, infrastructure, neighbors, jurisdiction, etc.). A company checking the DD boxes is Norden Crown Metals Corp. (TSX-Venture:NOCR) (OTCQB:NOCRF)
Led by an accomplished management team with successful track records in mineral discovery, mining development and financing, Norden aims to discover new economic mineral deposits in historical mining districts that have seen little or no application of modern exploration techniques. The two flagship projects of Norden are its Gumsberg VMS (Volcanogenic Massive Sulphide) Project, located in the Bergslagen Mining District in southern Sweden and the Burfjord Copper-Gold Project in northern Norway.
The 100% Norden-owned Gumbsberg Project consists of five exploration licenses totaling 18,300+ hectares. Norden originally obtained this project from EMX Royalty Corp (NYSE:EMX)
The Bergslagen District has been mined for centuries, with multiple zones of VMS style mineralization being documented. There are over 30 historic mines in the area in and around the Gumsberg Project with significant mining having been conducted from the 1200’s through the early 1900’s. One of the most notable mines in the district and located in Norden’s Gumsberg Project is the Östrasilverberg Mine, which was the largest silver mine in Europe for roughly 300 years (1300-1590).
Still, despite its prolific nature, there has been little modern exploration conducted on the Gumsberg Project, a situation Norden is rectifying now. It is also notable that the Gumbsberg project is situated between the past producing Falun and Saxberget mines and the active Garpenberg Mine (Boliden) and Zincgruvan (Lundin) Mine. The team’s work has resulted in the identification of multiple exploration targets designed to extend known mineralization with none more exciting than the Broken Hill-Type (BHT) mineralization discovery at the historic Fredriksson Mine target.
Drilling in 2016 built upon historic drilling and provided compelling evidence as to the potential of the project. Four holes drilled along the 2+ kilometer long Vallberget-Loberget trend of historic mines (one of the key mineralized trends on the Gumsberg property) intersected significant intervals of mineralization. These included a cut of 2.8 meters of 17.9% Zn, 6.9% Pb, 0.5% Cu, and 68.9 g/t Ag beginning at just 32 meters from surface in drill hole GB16-2 and 3.0 meters of 9.2% Zn, 3.0% Pb, and 12.8 g/t Ag in drill hole GB16-5 at a depth of 22 meters below surface. Furthermore, drill hole GB16-1 intersected 5.7 meters of 6.5% Zn.
The Fredrikssons Gruva (Swedish for Mine) target is reason alone to be excited about Norden. Mineralization intercepted while drilling earlier this year at the historical mine validated the target has textbook Broken Hill-Type (BHT) mineralization. Those outside of mining circles may not understand why this is a huge deal.
This discovery is a huge deal because the Broken Hill deposit in New South Wales is one of the largest, if not “the” largest, zinc-lead-silver deposits ever discovered in the world and marveled at for its incredible size, richness and continuity generating 50 million tonnes of zinc and lead and 20,000 tonnes of silver so far. In fact, although Broken Hill-Type deposits are rare and therefore relatively unknown amongst investors, many of the most profitable mines in the world are Broken Hill-Type deposits. We won’t go into the specifics of geology as to how a mixture of volcanoes, seawater, erosion and more over millions of years formed the vaunted structure. What is important to understand is that another similar type of discovery would disrupt the resource market.
Norden has completed a Phase 1 geological mapping and sampling program at the Frederiksson target and is currently executing a high resolution magnetic geophysical survey. This survey will be used to trace strongly magnetic mineralization in the subsurface that drilling revealed earlier this year. That data subsequently can be coupled with new and historic data (i.e. geophysical, geological mapping and soil sampling) and modern technology to generate 3-D models to better understand the scope of the anomaly that is suspected to extend over a whopping 21+ kilometers all within the Gumsberg Project boundaries. This info will then be used to design the next stage of drilling to delineate continuity, grade, and distribution of the BHT mineralization.
To the north is Norden’s Burfjord project, comprised of six exploration licenses totaling 5,500 hectares near Kåfjord, Norway (home to an eponymous copper belt). Mineralization at Burfjord belongs to the Iron-Oxide-Copper-Gold (IOCG) deposit clan. This portion of northern Fennoscandia is recognized as a key IOCG province globally.
Copper mineralization was mined in the Burfjord area during the 19th century at reported cut-off grades of 3-5% Cu, with over 30 historic mines and prospects developed along the flanks of a prominent 4 x 6 kilometer anticlinal structure comprised of interbedded metasedimentary and metavolcanic rocks. Much like the Gumsberg project, despite the historic work and prolific nature of mineralization, including mineralization occurring as both high grade Cu and Au, the region remains grossly underexplored. Limited historic drilling (confined to the vicinity of the Cedarsgruve Mine) produced intercepts including 7 meters @ 3.6% Cu.
To efficiently advance this 100% owned project by Norden, the company entered into an option agreement with Boliden Minerals AB (Stockholm:BOL) pursuant to which Boliden can earn a 51% interest by funding 100% of the exploration programs up to US$6.0 million within four years following the execution of the deal.
The hypothesis is that the known copper mineralization extends tens of hundreds of meters laterally into the host rock, which presents an attractive opportunity for a bulk tonnage target.
Norden and Boliden recently completed a 9 hole, 2,209 meter exploration drilling program at Burfjord designed to test selected geological, geochemical and geophysical targets, with geochemical results expected in the coming weeks. In addition to diamond drilling, Norden Crown completed 21.5 line-kilometers of ground–based time domain electromagnetic geophysics ("TEM") over high priority targets at Burfjord with the objective of identifying conductive copper sulphide mineralization for the purpose of drill testing.
Previous drilling by Norden at Burfjord returned impressive results, including an intercept of 32 metres averaging 0.56% copper and 0.26 g/t gold (including 3.46 metres of 4.31% copper and 2.22 g/t gold) at shallow depths below a cluster of historic mine workings.
When it comes to checking the other boxes for upside, Norden does so with a black sharpie. Scandinavia is a stable, low-risk mining jurisdiction with a long, rich mining history. That history affords the region unparalleled infrastructure from transportation to skilled labor to mining resources like water, inexpensive electricity, smelters, and more. The company’s properties are surrounded by world class mines endowed with high-grade mineralization. Add it up and the potential is crystallized for rapid resource development.
Moreover, the leaders directing Norden have decades of highly relevant and successful experience in all aspects of mining and capital markets. Without delving into the C.V. of the executives and advisors, consider that Executive Chairman and CEO Patricio Varas is a Professional Geoscientist with over 30 years of experience in exploration, project development and corporate management. His work includes founding Western Potash Corp. and raising $240+ million for development of the company’s Milestone Potash deposit discovery in Saskatchewan. Patricio was also responsible for discovering the Santo Domingo Sur IOCG deposit in Chile that was bought by Capstone for over $1 billion. He has worked at/on operating mines, exploration projects (concept inception to discovery), feasibility studies of world class deposits, mine development, and he’s been instrumental in several major resource discoveries.
With these things in mind, investors have plenty to look forward to in 2022 as Norden works to build value in a company that currently has a paltry market capitalization of just C$6.4 million (US$4.98 million).
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As a result of its commitment to journalistic excellence and abundance of information in a particular area of equity investing (micro-cap investing) where there aren’t many credible sources of information, AllPennyStocks.com continues to have one of the largest audiences of micro-cap investors on the internet.
Corporate Snapshot:
Norden Crown Metals Corp.
Stock Symbol:
CA
Stock Exchange:
TSX-Venture
Sector:
Natural Resources
52 Week High:
$0.3300
52 Week Low:
$0.1200
Current Stock Quote / Chart / News: Click here
Information as of
January 07, 2022
According to a recent report from Fitch Solutions, global miners can expect another exceptional year in 2022. The firm’s analysts forecast global mineral and metal production to increase and capital expenditure to “remain on its recovery trend.” Furthermore, while some metal prices will moderate modestly lower next year, even those will remain high compared to historical standards.
Fitch makes many astute observations about how majors navigated the COVID-19 pandemic and all the subsequent challenges to perform admirably, focusing on reducing debt and operational efficiencies. These initiatives helped companies like Rio Tinto (NYSE:RIO) (NYSE:FCX) (NYSE:VALE)
Majors and mid-tier producers continuing to perform well will benefit upstarts as investors look for hidden value. Due diligence in this area involves a deep dive into an explorer’s management team, as well as its properties (type, stage, infrastructure, neighbors, jurisdiction, etc.). A company checking the DD boxes is Norden Crown Metals Corp. (TSX-Venture:NOCR) (OTCQB:NOCRF)
Led by an accomplished management team with successful track records in mineral discovery, mining development and financing, Norden aims to discover new economic mineral deposits in historical mining districts that have seen little or no application of modern exploration techniques. The two flagship projects of Norden are its Gumsberg VMS (Volcanogenic Massive Sulphide) Project, located in the Bergslagen Mining District in southern Sweden and the Burfjord Copper-Gold Project in northern Norway.
The 100% Norden-owned Gumbsberg Project consists of five exploration licenses totaling 18,300+ hectares. Norden originally obtained this project from EMX Royalty Corp (NYSE:EMX)
The Bergslagen District has been mined for centuries, with multiple zones of VMS style mineralization being documented. There are over 30 historic mines in the area in and around the Gumsberg Project with significant mining having been conducted from the 1200’s through the early 1900’s. One of the most notable mines in the district and located in Norden’s Gumsberg Project is the Östrasilverberg Mine, which was the largest silver mine in Europe for roughly 300 years (1300-1590).
Still, despite its prolific nature, there has been little modern exploration conducted on the Gumsberg Project, a situation Norden is rectifying now. It is also notable that the Gumbsberg project is situated between the past producing Falun and Saxberget mines and the active Garpenberg Mine (Boliden) and Zincgruvan (Lundin) Mine. The team’s work has resulted in the identification of multiple exploration targets designed to extend known mineralization with none more exciting than the Broken Hill-Type (BHT) mineralization discovery at the historic Fredriksson Mine target.
Drilling in 2016 built upon historic drilling and provided compelling evidence as to the potential of the project. Four holes drilled along the 2+ kilometer long Vallberget-Loberget trend of historic mines (one of the key mineralized trends on the Gumsberg property) intersected significant intervals of mineralization. These included a cut of 2.8 meters of 17.9% Zn, 6.9% Pb, 0.5% Cu, and 68.9 g/t Ag beginning at just 32 meters from surface in drill hole GB16-2 and 3.0 meters of 9.2% Zn, 3.0% Pb, and 12.8 g/t Ag in drill hole GB16-5 at a depth of 22 meters below surface. Furthermore, drill hole GB16-1 intersected 5.7 meters of 6.5% Zn.
The Fredrikssons Gruva (Swedish for Mine) target is reason alone to be excited about Norden. Mineralization intercepted while drilling earlier this year at the historical mine validated the target has textbook Broken Hill-Type (BHT) mineralization. Those outside of mining circles may not understand why this is a huge deal.
This discovery is a huge deal because the Broken Hill deposit in New South Wales is one of the largest, if not “the” largest, zinc-lead-silver deposits ever discovered in the world and marveled at for its incredible size, richness and continuity generating 50 million tonnes of zinc and lead and 20,000 tonnes of silver so far. In fact, although Broken Hill-Type deposits are rare and therefore relatively unknown amongst investors, many of the most profitable mines in the world are Broken Hill-Type deposits. We won’t go into the specifics of geology as to how a mixture of volcanoes, seawater, erosion and more over millions of years formed the vaunted structure. What is important to understand is that another similar type of discovery would disrupt the resource market.
Norden has completed a Phase 1 geological mapping and sampling program at the Frederiksson target and is currently executing a high resolution magnetic geophysical survey. This survey will be used to trace strongly magnetic mineralization in the subsurface that drilling revealed earlier this year. That data subsequently can be coupled with new and historic data (i.e. geophysical, geological mapping and soil sampling) and modern technology to generate 3-D models to better understand the scope of the anomaly that is suspected to extend over a whopping 21+ kilometers all within the Gumsberg Project boundaries. This info will then be used to design the next stage of drilling to delineate continuity, grade, and distribution of the BHT mineralization.
To the north is Norden’s Burfjord project, comprised of six exploration licenses totaling 5,500 hectares near Kåfjord, Norway (home to an eponymous copper belt). Mineralization at Burfjord belongs to the Iron-Oxide-Copper-Gold (IOCG) deposit clan. This portion of northern Fennoscandia is recognized as a key IOCG province globally.
Copper mineralization was mined in the Burfjord area during the 19th century at reported cut-off grades of 3-5% Cu, with over 30 historic mines and prospects developed along the flanks of a prominent 4 x 6 kilometer anticlinal structure comprised of interbedded metasedimentary and metavolcanic rocks. Much like the Gumsberg project, despite the historic work and prolific nature of mineralization, including mineralization occurring as both high grade Cu and Au, the region remains grossly underexplored. Limited historic drilling (confined to the vicinity of the Cedarsgruve Mine) produced intercepts including 7 meters @ 3.6% Cu.
To efficiently advance this 100% owned project by Norden, the company entered into an option agreement with Boliden Minerals AB (Stockholm:BOL) pursuant to which Boliden can earn a 51% interest by funding 100% of the exploration programs up to US$6.0 million within four years following the execution of the deal.
The hypothesis is that the known copper mineralization extends tens of hundreds of meters laterally into the host rock, which presents an attractive opportunity for a bulk tonnage target.
Norden and Boliden recently completed a 9 hole, 2,209 meter exploration drilling program at Burfjord designed to test selected geological, geochemical and geophysical targets, with geochemical results expected in the coming weeks. In addition to diamond drilling, Norden Crown completed 21.5 line-kilometers of ground–based time domain electromagnetic geophysics ("TEM") over high priority targets at Burfjord with the objective of identifying conductive copper sulphide mineralization for the purpose of drill testing.
Previous drilling by Norden at Burfjord returned impressive results, including an intercept of 32 metres averaging 0.56% copper and 0.26 g/t gold (including 3.46 metres of 4.31% copper and 2.22 g/t gold) at shallow depths below a cluster of historic mine workings.
When it comes to checking the other boxes for upside, Norden does so with a black sharpie. Scandinavia is a stable, low-risk mining jurisdiction with a long, rich mining history. That history affords the region unparalleled infrastructure from transportation to skilled labor to mining resources like water, inexpensive electricity, smelters, and more. The company’s properties are surrounded by world class mines endowed with high-grade mineralization. Add it up and the potential is crystallized for rapid resource development.
Moreover, the leaders directing Norden have decades of highly relevant and successful experience in all aspects of mining and capital markets. Without delving into the C.V. of the executives and advisors, consider that Executive Chairman and CEO Patricio Varas is a Professional Geoscientist with over 30 years of experience in exploration, project development and corporate management. His work includes founding Western Potash Corp. and raising $240+ million for development of the company’s Milestone Potash deposit discovery in Saskatchewan. Patricio was also responsible for discovering the Santo Domingo Sur IOCG deposit in Chile that was bought by Capstone for over $1 billion. He has worked at/on operating mines, exploration projects (concept inception to discovery), feasibility studies of world class deposits, mine development, and he’s been instrumental in several major resource discoveries.
With these things in mind, investors have plenty to look forward to in 2022 as Norden works to build value in a company that currently has a paltry market capitalization of just C$6.4 million (US$4.98 million).
About AllPennyStocks.com:
AllPennyStocks.com Media, Inc., founded in 1999, is one of North America’s largest and most comprehensive small-cap / penny stock financial portals. With Canadian and U.S. focused penny stock features and content, the site offers information for novice investors to expert traders. Outside of the countless free content available to visitors, AllPennyStocks.com Pro (premium service) caters to traders looking for that trading edge by offering monthly stock picks, daily penny stock to watch trade ideas, market commentary and more.
As a result of its commitment to journalistic excellence and abundance of information in a particular area of equity investing (micro-cap investing) where there aren’t many credible sources of information, AllPennyStocks.com continues to have one of the largest audiences of micro-cap investors on the internet.
Forward Looking Statements
This report includes forward-looking statements that reflect current expectations about its future results, performance, prospects and opportunities. Norden Crown Metals Corp. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Norden Crown Metals Corp.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.
Disclaimer
AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for Norden Crown Metals Corp. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.
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