Arctic Minerals AB Commences Exploration at Swan Lake Copper-Gold Project

Strategic Insights -

Arctic Minerals AB (publ) ("Arctic Minerals") has started exploration activities at the Swan Lake copper-gold project in northern Sweden, focusing on the potential for epithermal altered lithocap gold-silver and porphyry copper-gold ("PCG") style mineralisation. The project, located in the Norrbotten county, is situated within the Proterozoic Norrbotten volcanic belt, between giant Aitik and Laver PCG deposits owned by Boliden. The Company plans to conduct additional geological field work and an Induced Polarisation ("IP") geophysical survey to further assess the project's potential.

Key Takeaways:

  • The Swan Lake Project covers an area of 218 km2 of granted tenements in the Norrbotten county, Sweden.
  • The project is located between giant Aitik and Laver PCG deposits, owned by Boliden, and is situated within the Proterozoic Norrbotten volcanic belt.
  • Previous exploration work has identified magnetic high and low anomalies associated with copper and gold mineralised quartz vein systems.
  • Surface outcrop sampling results up to 0.7% Cu, 0.16 g/t Au, and 55 g/t Ag have been reported.
  • The project is characterised by a large-scale alteration system that has been delineated over tens of square kilometers.
  • The geological setting at Swan Lake is impressive, with the project having the right geology for a potential porphyry discovery.
  • Arctic Minerals plans to steadily progress Swan Lake and its other exploration projects to deliver new discoveries and increased market value.

Statistics:

  • The Swan Lake Project covers an area of 218 km2.
  • The project is located between giant Aitik and Laver PCG deposits, both owned by Boliden.
  • The Aitik mine produces over 100,000 tonnes of copper per annum.
  • Surface outcrop sampling results up to 0.7% Cu, 0.16 g/t Au, and 55 g/t Ag have been reported.
  • The project is characterised by a large-scale alteration system that has been delineated over tens of square kilometers.

Sources:

  • Arctic Minerals AB (publ). (2023). Arctic Minerals AB Commences Exploration at Swan Lake Copper-Gold Project. News Release.