Nordic verifies gold assays at Finnish project, finding 4.93g/t

Nordic verifies gold assays at Finnish project, finding 4.93g/t

Caroline Smith

The Market Online, Australia

Nordic Resources Ltd (ASX:NNL) has completed a verification of the historical drilling database of Kiimala Trend – one of 3 projects in Finland whose acquisition was announced last month – revealing gold grading up to 4.93 grams per tonne (g/t) over 10.4 metres.

The project – located in central Finland – hosts a number of standout orogenic gold prospects, including historical, but non-compliant gold resources at the prospects ‘Angesneva’ and ‘Vesipera’.

Nordic intends to commence work shortly on validation of Angesneva’s historical resource.

Intersections from this prospect include 122.4 metres at 1.52g/t of gold (Au) and 0.12% copper (Cu) from 57.2m; and 79.8m at 1.85g/t Au and 0.18% Cu from 127.8m.

Alongside this, the company has verified intersections from Vesipera which include 10.4m at 4.93g/t Au from 53.5m; and 12.0m at 2.99g/t Au from 88.0m.

And another prospect – Kiimala – has shown intersections such as 17.3m at 2.27g/t Au and 0.28% Cu from 42.6m; and 9.0m at 1.46g/t Au and 0.02% Cu from 182.4m.

Overall, 12 gold prospects have been identified within the Kiimala Trend cluster, with 8 of these having experienced sparse drilling, and all reporting some significant near surface gold intersections.

The project lies just 45km from the Kopsa project – which hosts a near surface resource of 23.2Mt @ 1.09g/t AuEq for 814,800oz AuEq – and is a significant part of Nordic’s overall strategy, considered valuable for both gold and copper.

Nordic has been trading at 5.4 cents.

Caroline Smith

The Market Online, Australia

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