News

Norseman Silver Completes Surface Program At Silver Switchback

Vancouver, British Columbia – August 18, 2021 – Norseman Silver Inc. (TSXV:NOC) (“Norseman” or the “Company”) is pleased to announce that it has completed a surface mapping and sampling program at Silver Switchback. Results are pending and are expected shortly.

A crew from Hardline Exploration Corp. carried out the geochemical rock and grid soil sampling program at the Silver Switchback property. The field program primarily involved the collection of additional soil samples to extend the grid coverage to the east and northwest of the previously sampled areas in the 2012 and 2020 surveys. As well, in-fill soil samples were collected to the south. The total geochemical soil grid area is now about 4.20km. X 1.5km. Within this entire sampling zone, an area of about 2.20 km. by 1.20 km. has been delineated as the area of greater interest. Effectively, this prime target area is now covered by closer-spaced 100m. X 50m. grid sample spacing.

While traversing the lines and soil sampling the pre-determined points, geologic mapping and rock sampling were also conducted. At the completion of the field campaign, a total of 376 soil samples and 8 rock samples were collected.

The property is located 55 kilometres east-southeast of Terrace, B.C., in the Stikine terrane. The rocks on the property are of the Hazelton Group volcanics and sedimentary rocks. To date, only limited reconnaissance programs have been conducted on the property, which include a small, anomalous for copper and silver soil grid over the northern portion of the Switchback showing. The earlier-completed outcrop sampling includes samples that returned 626.3 grams per tonne Ag and 4.39 per cent Cu, located roughly in the centre portion of the claims (and the showing), and 138 g/t Ag and 4.02 per cent Cu in an outcrop approximately 100 m to the north.

Volcanic redbed copper (VRC) deposits occur as concordant and peneconcordant disseminated crosscutting vein, and fault-controlled copper sulphide and/or native copper deposits in predominantly sub-aerial volcanic sequences. Mineralization can typically comprise chalcopyrite, chalcocite, bornite covellite and/or native copper which contain silver; this style of mineralization is distinct from VMS deposits. Common textures and structures are open space filling, vein and veinlets, replacement, disseminated, and laminated mineralization.

Qualified Person

The technical information in this news release was reviewed by Rene Victorino, P. Geo., Vice President for Exploration of Norseman Silver Inc., a qualified person as defined under National Instrument 43-101  (NI 43-101).

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the United States Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

On behalf of Norseman Silver Inc.

Sean Hurd
President and CEO

For further information, please contact:

Sean Hurd
President and CEO
T: 604 505-4554

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release includes certain "forward-looking statements" which are not comprised of historical facts. Forward looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to: the Company’s objectives, goals or future plans; exploration and drilling activities; final approval of the Offering; and the use of the proceeds from the Offering. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; inability to fulfill the duty to accommodate indigenous peoples; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates; other risks involved in the mineral exploration and development industry; an inability to predict and counteract the effects of COVID-19 on the business of the Company and markets generally; and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

©2021 Norseman Silver Inc.