Issued on behalf of Nord Precious Metals Mining Inc.
A high-grade assay inside a broader silver-cobalt envelope, a fresh pierce point at the intersection of two major vein structures, and a fully funded next phase position one Ontario explorer for a heavy news cycle this summer.
TORONTO, ON, May 4, 2026 — Baystreet.ca News Commentary — Silver has spent the better part of the last 18 months redefining what investors expect from the precious metals complex. After a roughly 148% gain through 2025 and continued strength into 2026, the metal is trading near $78 per ounce against a Silver Institute supply outlook that pegs the 2026 shortfall at 46.3 million ounces — the sixth consecutive annual deficit. The combination of physical tightness, industrial pull from solar and EVs, and exploration budgets that have not meaningfully expanded despite the price move is producing the conditions in which a single high-grade drill result can reset a project’s narrative.
That is the setup for this week’s update from Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3). The Company reported assay results from hole CS-26-129W2 at its Castle East project in Ontario’s Cobalt-Gowganda district: 2,343.70 g/t silver (68.4 oz/ton) over 1.85 metres, including a 0.30-metre interval grading 9,510 g/t silver (277.6 oz/ton) with 3,460 ppm cobalt. The intercept sits inside a broader mineralized envelope carrying elevated cobalt, nickel, copper, and zinc — the five-element vein assemblage characteristic of the Cobalt-Gowganda district.
Nord additionally disclosed a new mineralized intercept in hole CS-21-73W1, a wedge drilled from a 2021 parent hole. At 501.90 metres downhole, the drill cut a calcite vein hosting native silver with plumose texture alongside strong cobalt arsenide mineralization. Additional mineralized intervals were logged between 467 and 518 metres. The hole was designed to test the modelled intersection of two distinct vein structures, and represents the most southeastern pierce point at that intersection — extending the known mineralized footprint at Castle East. Assays are pending.
Operationally, the Company has commenced a fully funded 5,000-metre drilling phase, continuing its ongoing 30,000-metre program at the recently enlarged Castle–Gowganda Property. Phase I completed approximately 3,500 metres and confirmed the structural model developed by Ronacher McKenzie Geoscience from 75,000 metres of historical data, which identified up to 29 discrete vein targets across the property. The current phase is designed to keep testing those modelled structures with the dual objective of expanding the silver footprint and delineating the critical minerals endowment alongside it.
“The 9,510 g/t silver result confirms what the core showed us in February: Castle East continues to deliver bonanza-grade silver in the style that defined this district historically,” said Frank J. Basa, P.Eng., President and CEO. “With Nord having title to all the area mining leases following the recent acquisition, we are testing structures that could not be drilled under fragmented ownership. Just one of the past-producing mines acquired produced approximately 40 million ounces of silver and has further potential for the discovery of high-grade mineralization using the current exploration model developed for Castle East. Equally important is the new intercept in CS-21-73W1, which demonstrates that the vein system carries strong mineralization further southeast than previously drilled.”
For context, Castle East already hosts a historic Inferred mineral resource of 7.56 million ounces of silver grading an average of 8,582 g/t Ag (250.2 oz/ton) in 27,400 tonnes from two sections of the Robinson Zone, beginning at a vertical depth of approximately 400 metres (NI 43-101 Technical Report, effective May 28, 2020). The newly acquired leases additionally host a historical NI 43-101 indicated tailings resource of approximately 1,940,000 tonnes grading 47.5 g/t Ag for approximately 2,960,000 contained ounces of silver at a 10 g/t cut-off (GeoVector Management, 2011). Both estimates are historical; significant additional drilling, sampling, and modelling is required before either can be classified as a current mineral resource. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
What gives the discovery its sharper edge is the infrastructure behind the drill rig. Nord operates TTL Laboratories — the only permitted high-grade milling facility in the Cobalt Camp — and the SGS Lakefield-validated Re-2Ox hydrometallurgical process, which is built to handle the arsenic typical of complex silver-cobalt ores while producing technical-grade cobalt sulphate. In a market where silver byproducts and critical minerals supply are becoming increasingly intertwined investment narratives, that integrated footprint is doing real work in differentiating Nord from pure-play explorers.
In addition to the Castle-Gowganda complex, the Company maintains a 35% ownership in Coniagas Battery Metals Inc. (TSXV: COS) and the St. Denis-Sangster lithium project comprising 32 square kilometres near Cochrane, Ontario.
CONTINUED… Read the full article and stay updated on Nord’s developments here
In other news happening across the silver mining sector:
Silver Storm Mining Ltd. (TSXV: SVRS) (OTCQB: SVRSF) (FSE: SVR) announced drill results on April 21, 2026 from the diamond drilling program at the Company’s 100%-owned past-producing La Parrilla Silver Mine Complex in Durango State, Mexico.
La Parrilla — a 2,000 tpd mill complex with associated underground mines that collectively produced 34.3 million silver-equivalent ounces between 2005 and 2019 — is being advanced toward a potential restart of operations, with the company having reached 50% completion of processing plant rehabilitation as of late February 2026 and a US$7.0 million prepaid offtake facility in place with Samsung C&T.
IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) announced new drill results on April 21, 2026 from the north extension of the Carlos Pacheco Vein System at its Noche Buena Mine in Mexico.
Reported intercepts included 114.5 g/t gold, 1,295 g/t silver, and 1.10% copper over 0.61 metres, within a broader interval of 9.79 g/t gold, 212 g/t silver, and 0.29% copper over 9.49 metres on the Carlos Pacheco Vein extension — extending IMPACT’s high-grade footprint at the Royal Mines of Zacualpan district.
Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) reported it exited Q1 2026 with 100 metric tonnes per day of production at its Bethania mine in Peru, while confirming a plan to ramp to 350 metric tonnes per day by the end of 2026.
Bethania, a past-producing silver mine that restarted operations in 2024, sits in Peru’s silver-zinc-lead belt and produces high-grade silver-bearing sulphide ore from a swarm of structurally controlled veins.
Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) reported substantial resource growth in an updated mineral resource estimate at its Iska Iska project in the Potosi Department, southwestern Bolivia.
The updated MRE outlines an Indicated category of 85.17 million tonnes grading 40 g/t Ag, containing 109.53 million ounces of silver — alongside zinc and lead credits — with significant additional Inferred resources, marking Iska Iska as one of the larger silver-zinc-lead resources currently being advanced in the developer space.
The pattern across these names is consistent: the projects drawing investor attention this cycle are the ones combining grade, infrastructure, and visibility on near-term news flow. With a fully funded 5,000-metre phase underway, assays pending on a fresh pierce point at the intersection of two major vein structures, and a processing footprint built specifically for the five-element silver-cobalt ores of the Cobalt Camp, Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3) is positioned to keep building news flow as the year’s drilling sequence continues.
CONTINUED… For more information about Nord Precious Metals Mining Inc., visit baystreet.ca’s profile here
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