CEO Frank Basa on Nord Precious Metals' (OTCQB: NPMMF) 29 Veins Inside of One Historic Silver Camp
Jul. 1, 2026
CEO Frank Basa joins RedChip to break down Nord Precious Metals' (TSXV: NTH | OTCQB: NPMMF) two-track strategy in one of Canada's richest historic silver districts.
Nord controls the Castle Mine project in Ontario's historic cobalt-silver camp, where initial results came in at over 8,000 grams per tonne silver in narrow, one-to-two-foot-wide veins. The company's two-track approach pairs near-term production with ongoing exploration: reprocessing legacy tailings under Ontario's accelerated 1P1P recovery permit framework, while continuing to drill for new discoveries across an expanding vein system.
Following a recent acquisition earlier this year, Nord holds a large tailings area with approximately 2.9 million recoverable ounces of silver, targeting treatment over roughly seven years at a minimum of 325,000 ounces annually. On the exploration side, a fully funded 30,000-metre drill program is underway at Castle East, where the company has identified 29 vein structures — up from an initial estimate of 10 — and is currently testing seven of them in a 5,000-metre second stage.
