Sign in Subscribe
Gold mining

Nordic Resources Limited Completes Review of Hirsikangas Gold Project, Adds 264,000oz Au

Strategic Insights

— 1 min read

Nordic Resources Limited, an Australian-based mining company, has completed its review of the Hirsikangas gold project in Finland, adding a substantial gold resource to the company's portfolio. The Hirsikangas project, one of three recently acquired gold projects, is located in the Middle Ostrobothnia Gold Belt (MOGB) of central Finland. The project's updated JORC (2012) Mineral Resource Estimate (MRE) has added 264,000oz Au in total to the company's combined project resources, bringing the total to 1.23Moz AuEq @ 1.11g/t AuEq. The Kopsa and Kiimala Trend projects are also part of the company's portfolio, with the Kopsa project being the most advanced and hosting the largest current resource.

Key Takeaways:

  • The Hirsikangas gold project has added 264,000oz Au in total to the company's combined project resources.
  • The updated JORC (2012) MRE for Hirsikangas brings the total gold equivalent resource inventory to 1.23Moz AuEq.
  • The company's "gold only" resources have increased to over 1Moz.
  • The Hirsikangas project is well advanced and maintains exciting exploration upside along 7.5km of additional strike and in parallel structures.
  • The Middle Ostrobothnia Gold Belt (MOGB) of Finland is a significant gold-bearing region, with several gold and base metal deposits located along the Raahe-Ladoga Trend.
  • The MOGB represents a geological extension to the Gold Line and associated VMS trend seen in neighboring Sweden.

Statistics:

  • 264,000oz Au added to the company's combined project resources.
  • 1.23Moz AuEq @ 1.11g/t AuEq total gold equivalent resource inventory.
  • 1.04Moz @ 0.95g/t Au contained gold across all categories.
  • 66% of the company's gold resources are in the Measured and Indicated categories.

Sources:

  • Nordic Resources Limited. (2023). Nordic Resources Limited (NNL) Completes Review of Hirsikangas Gold Project, Adds 264,000oz Au in Total to Combined Project Resources. As 30 2023.
  • Australian Stock Exchange. (2023). Nordic Resources Limited. ASX: NNL.
  • Raahe-Ladoga Trend.

Read more