Nordic Resources verifies gold at third Finnish project

A recent data review at Hirsikangas points to meaningful exploration upside with work underway on a JORC resource estimate.

Nordic Resources has completed its verification of the drilling database at the recently acquired Hirsikangas gold project in Finland. Pic: Getty Images

• Nordic Resources’ data review indicates there’s more gold mineralisation than meets the eye at Hirsikangas

• The project boasts orogenic gold potential along a 10km anomaly, 75% remains unexplored

• Work is underway to compile a JORC-compliant resource for the main Hirsikangas prospect

Special report: A review of exploration and drilling data from the Hirsikangas gold project highlights strong discovery potential as a JORC resource estimate gets underway.

The analysis shows the Hirsikangas asset, in the Middle Ostrobothnia gold belt of Finland, is well advanced with exploration upside along 7.5km of additional strike and in parallel structures.

It reveals that the bulk of the 92 historical drill holes, totalling 11,400 metres, are concentrated along just 2.5 km of strike.

The project is prospective for orogenic gold mineralisation along a 10km long magnetic anomaly, of which 75% is mostly unexplored.

Mineralisation was identified in wide zones from surface with intersections such as 71.3m at 1.12g/t gold from 7.3m, 44.2m at 1.45g/t from 12.7m and 61.2m at 1.28g/t from 37.8m.

Deeper intersections including 80.2m at 1.71g/t gold from 110.6m show continuation of the main zone, while shallow, higher-grade intersections were returned outside the main Hirsikangas prospect returning 7.3m at 4.78g/t from 48m.

Nordic Resources (ASX:NNL) said mineralisation had also been identified in a parallel structure 200m to the northeast of the main Hirsikangas prospect, presenting immediate opportunities for resource growth.

Meanwhile, mineralisation from isolated historical drilling and boulder finds along the remaining 7.5km strike indicates further upside potential, with numerous drill targets emerging.

Background on Hirsikangas

Along with the Hirsikangas asset, the other two projects recently acquired from Northgold AB include Kopsa and Kiimala, all sitting within 50km of each other and within striking distance of two existing mills.

Hirsikangas is the third and final of these projects to be reviewed by NNL.

The newly acquired gold (and copper) projects provide NNL with substantial near-term exploration and development upside while it continues ongoing earn-in and joint venture discussions relating to its extensive Pulju nickel-copper sulphide exploration project in Finnish Lapland.

The Middle Ostrobothnia gold belt is highly prospective as it contains several gold and base metal deposits, structurally controlled by the Raahe-Ladoga Trend, which represents a geological extension to the Gold Line and associated VMS trend in neighbouring Sweden.

‘More substantial than previously understood’

NNL executive director Robert Wrixon said Nordic remains focused on further exploration and development of the substantial Kopsa gold copper project as the near-term priority.

“However, the drilled gold mineralisation at Hirsikangas essentially starts from surface and is more substantial than previously understood by NNL,” he said.

“As a result, the company’s technical team is fully re-evaluating the wireframes and block model at Hirsikangas as part of an exercise that will hopefully result in a new mineral resource estimate that is compliant with JORC (2012).”

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.