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Nordic Resources (ASX:NNL) has completed a data and resource validation at its Kiimala Trend project in central Finland, increasing its resource inventory to 961,800 ounces through the integration of three new projects from Northgold AB.
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The reassessment shows Kiimala to be a project made up of several gold prospects, including a near-surface orogenic gold deposit at Angesneva that contains 3.85 million tonnes at 1.19 grams per tonne of gold for 147,000oz.
Crucially, the latter is entirely within the indicated category, the company said.
Angesneva has produced a suite of high-grade intercepts, including 122.4 metres at 1.52g/t Au and 0.12% Cu from 57.2m; 79.8m at 1.85g/t Au and 0.18% Cu from 127.8m.
Other results at the site included 73.7m at 1.73g/t Au and 0.13% Cu from 247.2m, including 15.2m at 5.31g/t Au and 0.31% Cu from 272.1m.
“The additional gold resource ounces at Angesneva deliver immediate upside, bringing the total gold equivalent resource inventory to almost 1Moz AuEq, with 74% in the Measured and Indicated categories,” executive director Robert Wrixon said.
He continued: “Its proximity to Kopsa adds significant value to the regional development options currently under consideration.”
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The inventory at Kiimala Trend also includes the Kopsa project – located 40 kilometres from Angesneva – which measures 23.2Mt at 1.09g/t AuEq for 814,800oz.
NNL has been trading at 7.4 cents.
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