First Nordic Announces Positive Top-of- Bedrock Drill Results at the Nippas Target and Prepares for Diamond Drilling Program TORONTO ,
First Nordic Announces Positive Top-of-
Bedrock Drill Results at the Nippas Target and
Prepares for Diamond Drilling Program
TORONTO
,
April 30, 2025
/CNW/ -
First Nordic Metals Corp.
("
FNM
" or the "
Company
")
(TSX.V:
FNM,
Stockholm
: FNMC SDB, OTCQB: FNMCF, Germany: HEG0)
is pleased to announce base-of-
till / top-of-bedrock ("BoT/ToB") drilling results and a Q2 diamond drill plan at its high-priority Nippas
target ("Nippas") on the Company's 100%-owned Storjuktan project, located in Västerbotten County,
northern Sweden on the Gold Line belt. Nippas is located approximately 30 km north of the
Company's resource-stage Barsele project.
Highlights:
Highly anomalous kilometric-scale bedrock and till anomalism identified on three parallel
structural trends at the Nippas target, including bedrock results of up to 2.66 ppm gold ("Au").
Targets consist of a cumulative total of 5.2 km of anomalous sub-parallel structural corridors
identified for follow up diamond drilling.
First pass
5,000 m
diamond drilling program prepared to begin to test first two targets in Q2
2025.
FNM CEO
Taj Singh
comments:
"Our recent BoT/ToB drilling at Nippas continues to support this
area as an exciting diamond drill target and we are now preparing to mobilize a diamond drill rig
here within the coming weeks. Our understanding of the overall Nippas area has grown
considerably with this program and now three trends of interest have emerged. Our current
diamond drilling at the Aida target, which had the objective of aggressively testing the strike extent
of the gold mineralized corridor there, continues to progress well and we expect to release a first
batch of results shortly."
Q1 2025 Nippas BoT/ToB Results
A total of 66 BoT/ToB drill holes were completed in the Q1 2025 program targeting structural
corridors coincident with a broad Au and pathfinder till anomaly. Drilling intercepted significant Au in
bedrock, with results up to 2.66 ppm Au, and has helped to define three structurally controlled target
trends for follow-up diamond drilling. For regional context, any results of 0.05 ppm (50 ppb) or higher
in glacial till and 0.10 or higher in bedrock are considered highly anomalous and thus important for
the discovery of gold mineralization. During BoT/ToB drilling samples of the lowest part of the till are
sampled, as well as samples of the "upper bedrock" immediately below the till base, and "lower
bedrock" further below (1.5-
3 m
below till).
Nippas BoT/ToB drilling targeted portions of a broad 5 km gold and pathfinder surface till anomaly
coincident with a complex anastomosing shear corridor, oriented NW-SE along the ice flow direction.
Access was complex in some areas of the drilling program due to challenging terrain and an
unusually mild winter resulting in approximately 25% of the planned holes not being drilled. Most of
the Q1 BoT/ToB program targeted the central portion of the surface till anomaly and 1 km to the
north and 1.2 km to the south of the identified target area remains untested.
Results from the drilling were positive and encountered strongly anomalous gold mineralization in
bedrock and glacial till, including: bedrock samples of 2.66, 0.84 and 0.22 ppm Au, and several
more samples over 0.10 ppm; and till samples of 0.22 and 0.21 ppm Au, and several more over 50
ppb. Anomalous samples are coincident with surface till Au and As, Cu, Zn and Mo (arsenic, copper,
zinc, molybdenum) pathfinder element signatures and magnetic geophysical trends interpreted to be
sheared contacts between metasediment, metavolcanic, and granitic lithologies. Three sub-parallel
trends have been identified with combined strike length of over 5.2 km (see Figure 1 in Appendix).
These trends lie within a flexure in the regional structure and on several interpreted second order
splay structures along the margin of a large granite intrusion. The complex geological and structural
setting (
prospective settings for dilation, fluid flow, and Au deposition) combined with the highly
anomalous surface till and bedrock results make these trends compelling targets that the Company
plans to imminently test with diamond drilling in Q2 2025.
Nippas Diamond Drill Program
The Company plans to complete an initial 5,000 metres ("m") of diamond drilling at the Nippas target
using one diamond drill rig (in addition to the one currently operating at the Aida target). Drilling, as
at the Aida target, will be operated by
Finland
-based Comadev Oy. A total of up to 26 diamond drill
holes have been designed to test two of three identified target areas where identified structural
corridors are coincident with anomalous BoT/ToB gold and surface till gold and pathfinder
anomalies. The third corridor identified to date in the Nippas target area is located within an area
dominated by bogs and is planned to be tested in the winter after freeze-up. Based on the success
of this drilling program FNM will be in a position to complete a further ~5,000 m of diamond drilling
on the Nippas target through 2025. A total exploration budget of
C$1.5 million
has been allocated for
the Q2 2025 Nippas project diamond drilling program.
Target 1 is a 2.2 km Au, As, Cu, Zn and Mo surface till anomaly coincident with strongly elevated
ToB results. The anomaly is located along a geophysical trend interpreted to be the sheared contact
between two lithological units. Target 1 will be initially tested with up to
3,600 m
of diamond drilling in
16 drill holes over 1.4 km strike of identified structural feature.
Target 2 is a parallel 2.0 km trend of anomalous surface till Au, As, Cu, Zn and Mo coincident with
elevated Au bedrock (up to 0.13 ppm Au) and glacial till (up to 0.20 ppm Au) located along a
geophysical trend interpreted to be the sheared boundary between metasediments and a large
granite intrusion. Target 2 will be initially tested with up to
1,400 m
of diamond drilling in 10 drill holes
over the 1.3 km strike of the identified structural feature.
The initial diamond drilling program is designed to confirm the anomalous gold in BoT/ToB results
and understand size, geometry, and structural controls of mineralization within the shear corridors.
Figure 1 shows the Nippas plan for the first approximately
5,000 m
of drilling in 26 holes. Planning
for additional meters will occur as drilling progresses and results are received.
About the Nippas Target
The Nippas project is located in the Storjuktan project area of the Gold Line belt in northern
Sweden
.
The geology consists of a sequence of inverted basin sediments and mafic volcanic rocks intruded
by small syn-kinematic granitic intrusions within a broad, anastomosing high strain structural corridor.
These lithological sequences are highly prospective for orogenic gold deposits.
About the Storjuktan Project
The Storjuktan project is a large, early-stage project strategically positioned north of the Company's
resource-stage Barsele project. It consists of seven contiguous licenses covering 30,000 ha located
in the northern portion of the Gold Line belt. The Storjuktan project contains over 60 km of the
regional Gold Line structural corridor. All mineralization discovered to date shows a spatial
relationship to this structural corridor, occurring mainly on second- and third-order splay structures.
The Project contains over 60 km of the regionally significant "Gold Line" structure which can be
traced for over 200 km in regional geophysics data. The Gold Line was first recognized in the late
1970s as a large arsenic-in-soil anomaly formed by a regional fault. All mineralization discovered to
date shows a spatial relationship to this structural corridor, occurring either in the main shear
corridor or on perpendicular structures within a few km of the main structures. The geology of the
Storjuktan project consists of a sequence of inverted basin sediments and mafic volcanic rocks
intruded by small syn-kinematic granitic intrusions within a broad, anastomosing high strain structural
corridor. The rocks are regionally metamorphosed to amphibolite facies and gold mineralization is
associated with intense biotite, and calc-silicate alteration assemblages and sulphide minerals
pyrrhotite, arsenopyrite, and minor other sulphides. These lithological sequences are highly
prospective for orogenic gold deposits.
ABOUT FIRST NORDIC METALS
First Nordic Metals Corp. (FNM) is a Canadian-based gold exploration company, consolidating
assets in
Sweden
and
Finland
, with a vision to create
Europe's
next gold camp. The Company's
flagship asset is the Barsele gold project in northern
Sweden
, a joint venture project with senior gold
producer Agnico Eagle Mines Limited. Immediately surrounding the Barsele project, FNM is 100%-
owner of a district-scale license position comprised of two additional project areas (Paubäcken,
Storjuktan), which combined with the Barsele project, total ~100 km of strike coverage of the Gold
Line greenstone belt. Additionally, in northern
Finland
, FNM is the 100%-owner of a district-scale
position covering the entire underexplored Oijärvi greenstone belt, including the Kylmäkangas
deposit, the largest known gold occurrence on this belt.
ON BEHALF OF THE BOARD OF DIRECTORS
Taj Singh
, M.Eng, P.Eng, CPA
CEO & Director
Qualified Person
Benjamin Gelber
, P. Geo., Exploration Head of FNM, is the Qualified Person as defined in NI 43-
101, and takes responsibility for the technical disclosure contained within this news release.
Follow First Nordic Metals:
Twitter: @fnmetals | Youtube: @firstnordicmetalscorp | LinkedIn: @firstnordicmetals
Facebook: @FirstNordicMetals | Instagram: @firstnordicmetals
Cautionary Note Regarding Forward-Looking Statements:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This press release contains forward-looking statements that reflect the Company's intentions,
beliefs, or current expectations about and targets for the Company's and the group's future results
of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies
and opportunities and the markets in which the Company and the group operates. Forward-looking
statements are statements that are not historical facts and may be identified by words such as
"believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or
"might", or, in each case, their negative, or similar expressions. The forward-looking statements in
this press release are based upon various assumptions, many of which are based, in turn, upon
further assumptions. Although the Company believes that the expectations reflected in these
forward-looking statements are reasonable, it can give no assurance that they will materialize or that
the assumptions on which it is based are correct. Because these statements are based on
assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome
could differ materially from those set out in the forward-looking statements as a result of many
factors. Such risks, uncertainties, contingencies, and other important factors could cause actual
events to differ materially from the expectations expressed or implied in this release by such
forward-looking statements. The Company does not guarantee that the assumptions underlying the
forward-looking statements in this press release are free from errors and readers of this press
release should not place undue reliance on the forward-looking statements in this press release. The
information, opinions and forward-looking statements that are expressly or implicitly contained herein
speak only as of the date of this press release and are subject to change without notice. Neither the
Company nor anyone else undertake to review, update, confirm or to release publicly any revisions
to any forward-looking statements to reflect events that occur or circumstances that arise in relation
to the content of this press release, unless it is required by law or Nasdaq First North Growth
Market Rulebook for Issuers of Shares.
Figure 1: Results of the Q1 2025 BoT/ToB drilling program with surface till pathfinder anomalies,
target trend outlines along structural corridors, and approximate location of planned Q2 2025
diamond drilling holes at the Nippas Target. The ToB result of 2.66 ppm (2,660 ppb) is shown at the
northern tip of Target 1. (CNW Group/First Nordic Metals Corp.)
SOURCE
First Nordic Metals Corp.
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For further information:
For further information contact: Marie Macdonald, Investor Relations,
Phone: 604-687-8566, Email: [email protected]
CO: First Nordic Metals Corp.
CNW 07:30e 30-APR-25