Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Streetwise Reports (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Sampling at Argentina Project Reveals Elevated Copper/Gold Values

% of readers think this story is Fact. Add your two cents.


Source: Michael Ballanger   09/26/2022

Michael Ballanger explains why he believes sample assays provide evidence “indicating the potential for world-class scale and value.”

Tonight after the close, Norseman Silver Inc. (NOC:TSX.V; NOCSF:OTCQB) reported more positive findings at Taquetren, its large land package in Rio Negro province located in the Patagonia region of southern Argentina.

You will recall that the company reported the discovery of a high-grade copper-silver vein at Veta Juan, where values exceeding 8% copper (Cu) and 200 g/t silver (Ag) were found in a vein covering a 300m strike length. Following up on this, the field team has encountered two additional significant copper-silver veins (Veta Nuevo and Veta Mirasol) as well as a new gold-bearing zone (Irma).

Read more about the new discovery here.

The significance of these new Cu-Ag-bearing veins is that Veta Nuevo is located 5km northwest of the original Veta Juan discovery, while Veta Mirasol is 3km to the east. These outcrops are situated along the rim of the caldera (collapsed volcano), which from a geological perspective, has been the site of some major discoveries.

The discovery that really caught my eye was Irma, where elevated gold values were found approximately 2km northwest of the Veta Juan area. This is significant because of the proximity of Taquetren to the Calcatreu deposit, a 400,000-ounce gold-equivalent discovery owned by Patagonia Gold.

The occurrences of copper and gold along the caldera are located in the Gastre Fault formation that hosts one of the largest undeveloped deposits in the world, Navidad (M&I: 632 million ounces Ag contained in 155.2 Mt at 127 g/t Ag, 0.85% lead, 0.05% Cu, 150 g/t silver equivalent). Of particular importance is that this region is largely under-explored and certainly under-exploited.

“The stakes at Taquetren are high and rising as more and more evidence arrives indicating the potential for world-class scale and value.”

Given that Norseman’s field crew is headed by the geologist-prospector that actually discovered Navidad, Daniel Bussandri, Taquetren is off to a great start in the hunt for a game-changing deposit. The company has now identified four distinct target areas for additional geochemical and geophysical refinement, as well as a maiden drill program in early 2023.

When you consider that Pan American took out Navidad by acquiring Aquiline for US$626 million in 2009, the stakes at Taquetren are high and rising as more and more evidence arrives, indicating the potential for world-class scale and value.

I will not assign a target price just yet, but Norseman certainly has all the pieces to command a pre-discovery market cap of somewhere north of $20 million or CA$0.30 per share between now and year-end.

Buy Norseman Silver up to CA$0.20 (subject to revision on news).

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Michael Ballanger Disclaimer:

This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.

Disclosures:

1) Michael J. Ballanger: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: Norseman Silver. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: My company, Bonaventure Explorations Ltd., has a consulting relationship with Norseman Silver.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.

3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.

4) This 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 article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Norseman Silver Inc., a company mentioned in this article.

( Companies Mentioned: NOC:TSX.V; NOCSF:OTCQB, )


Source: https://www.streetwisereports.com/article/2022/09/26/sampling-at-argentina-project-reveals-elevated-copper-gold-values.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.