Nordic Resources’ drilling targets extensions to gold mineralisation at Kopsa Project in Finland

Nordic Resources’ drilling will target shallow extensions to gold mineralisation and test deeper anomalies its Kopsa project in Finland.

A golden prize is sought by Nordic as it plunges in sub-surface at Kopsa. Pic: Getty Images

• Nordic starts diamond drilling in Finland to test shallow extensions of gold mineralisation at its Kopsa project

• Drilling will also test deeper anomalies under the existing resource and further along strike

• Company will additionally drill selected targets at the Kiimala Trend project area

Special Report: Nordic Resources has launched diamond drilling to test shallow targets for near-surface extensions along strike of existing resources at its Kopsa copper-gold project in Finland.

Kopsa is the largest of the company’s three gold resources in the Middle Ostrobothnia Gold Belt of Finland and has a resource of 23.2Mt grading 1.09g/t gold equivalent, or 814,800oz of contained AuEq.

Besides testing the shallow targets, the drill program of ~5000m will also explore deeper extensions of the system for the first time and gather samples for detailed metallurgical testing.

Nordic Resources (ASX:NNL) also plans to test certain gold prospects within the Kiimala Trend project area – another of the three resources in the MOGB.

It follows the company defining a maiden resource of 264,000oz gold at the Hirsikangas project earlier this month, taking its total inventory up to 1.23Moz.

The Finland gold projects. Pic: Nordic Resources

Gold projects

The Kopsa, Kiimala Trend and Hirsikangas projects sit within the MOGB, which contains a number of gold and base metal deposits that are structurally controlled by the Raahe-Ladoga Trend.

It represents a geological extension to the Gold Line and associated VMS trend seen in neighbouring Sweden though it is relatively underexplored on the Finnish side.

All three of the company’s projects have significant exploration upside and are located within 75km of each other.

There is a significant level of development optionality as the MOGB region hosts two third-party processing plants.

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First Quantum Minerals’ 1.4Mtpa Pyhasalmi copper-zinc-pyrite processing plant remains in reduced operation and is 40km to the east of Kopsa while the formerly operating gold mine and plant at Laiva is 120km to the northwest.

While the 2.2Mtpa Lavia plant is relatively new, having been completed in 2012, it is currently on care and maintenance.

Both existing plants, or a standalone plant at Kopsa, would be potentially accessible by road or road/rail from the Kopsa, Kiimala Trend and/or Hirsikangas projects.

NNL’s diamond drilling will include about 4500m to test near-surface extensions along strike at Kopsa along with testing previously undrilled geophysical anomalism underneath the known mineralisation and anomalies further along strike for potential near-surface satellite deposits.

The company also plans to carry out 500m to 1000m of drilling to test the least two of the known gold prospects at Kiimala Trend.

This article was developed in collaboration with Nordic Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.