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- All six new assays confirm significant gold intersections
- Vesipera hosts a number of shallow high-grade gold zones
- Assay results show generally similar grades and widths to those expected
- Vesipera hosts an historical, non-compliant mineral resource estimate (MRE)
Nordic Resources (ASX: NNL) has significantly expanded the gold mineralisation at the Vesipera prospect with drilling within the Kiimala Trend project area in Finland.
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Initial assays from the first six holes at Vesipera, located just 40km north of the company’s flagship Kopsa gold project, have confirmed drilling has hit significant gold intersections.
Nordic’s nine-hole, maiden drill program at the Kiimala Trend project is testing a known area of significant gold mineralisation.
Two scout holes were drilled at the Pokkyla prospect and one scout hole at the Paaneva prospect, both on the outskirts of the Kiimala Trend property. The Kiimala Trend gold project is located in the Middle Ostrobothnia Gold Belt (MOBG) of central Finland.
Highlight hits to date are 1.9m at 13.8 grams per tonne (g/t) gold and 0.22% copper from 29.1m, including 0.9m at 28.5g/t gold and 0.04% copper from 30.1m and 15.6m at 0.93 g/t gold and 0.03% copper from 93.6m, including 0.55m at 15.3 g/t gold and 0.09% copper from 108.6m.
The assay results show generally similar grades and widths to those expected based on the extensive historical drilling at Vesipera, where intersection highlights included 15.0m at 4.42 g/t gold and 0.02% copper from 53.5m and 12.0m at 2.99 g/t gold and 0.02% copper from 88.0m.
Executive director, Robert Wrixon, said the successful drilling at Vesipera has resulted in a number of important gold intersections that significantly increase the size of the mineralised envelope at this prospect, with mineralisation remaining open along strike and at depth.
“These are important results, noting the significant growth of the mineralised zone at Vesipera, the first prospect to be drilled by the company at the Kiimala Trend gold project,” Mr Wrixon said.
“Vesipera has been considered a secondary target within the project area, but already shows potential to add significant gold ounces to the resource inventory, supplementing the existing 147,000 ounces of in indicated resources at Angesneva, just 2.5km away.
“The Kiimala Trend project area hosts a number of additional gold targets with previously drilled shallow gold intersections at the Kiimala, Angeslampi, Tiitola and Pohlola prospects yet to be followed up with modern drilling.
“Angesneva and Vesipera are key to the company’s goal to delineate a gold mini-district along the Kiimala Trend to grow alongside Kopsa.”
NNL is steady at 18.0¢. Mkt cap $67.68M.
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