Native Title Mining Agreement FOR Exploration Signed IN Australia
www.norrlandgold.com
NEWS RELEASE
NATIVE TITLE MINING AGREEMENT FOR EXPLORATION SIGNED IN
AUSTRALIA
Vancouver, British Columbia – Tuesday, December 17, 2024 -
Norrland Gold
Corp. (”Norrland” or ”the Company”, TSX-V: NORR, Frankfurt Exchange: 8VC) is
pleased to announce that it has been informed by Eversley Resources that a Native
Title Mining Agreement For Exploration has been signed in Australia with the Arabana
Aboriginal Corporation RNTBC. The agreement enables Eversley to commence
certain exploration work to take place on the ground.
The Company announced on 25 October 2022 that it had acquired a 24.3% equity
stake in Eversley Resources Pty (“Eversley”) with an intention to increase its stake as
the projects progress.
Project Highlights:
● IOCG targets and early-stage Ionic Clay type REE in South Australia, a Tier 1
mineral province
● Large district scale tenements (granted and in application)
● Strong technical team with a proven track record
North Gawler Project (South Australia)
The North Gawler Project (Figure 1) is a large district scale tenement package that
covers 2,584 square kilometres (granted and under application) with early-stage Iron
Oxide Copper Gold (IOCG) and ionic clay type rare earth elements (REE) exploration
opportunities. It is located in the under-explored region of the northern Gawler Craton
with major discovery potential. It is 150km NNE of Prominent Hill. Rio Tinto interpreted
the basement geology and confirmed district scale IOCG potential. Numerous IOCG
targets were identified by Rio Tinto in area of shallow cover during the early 2000’s but
only limited follow-up exploration was completed.
The Jupiter target is ~7km long ovoid felsic pluton with surrounding iron altered
magnetic lithologies, including remnant magnetism (figure 2). The depth to the
basement is estimated at 75 to 150 metres. In 1984, BHP drill holes intersected
basement schists above 100 metres depth with magnetite±chalcopyrite mineralisation.
The Ganymede target is an ~15x1km, NW-trending magnetic anomalous zone
adjacent to Keswick Fault with interpreted Fe metasomatism. The depth to basement
is estimated at 50 to 150 metres, (it is very rare to identify shallow IOCG targets in
South Australia).
In addition to the IOCG district scale potential is the Victory Ionic Clay REE prospect.
Ground spectrometer surveying and regolith grab sampling by Reedy Lagoon Corp Ltd
in 2010 identified anomalous Cu-Co-U as well anomalous REE’s. Sample descriptions
indicate that the highest grade REE samples are associated with kaolinized saprolite
at shallow depth below surface (0.1 to 0.5 metres) and indicate the potential for ionic
clay type REE at Victory. Proof of concept to establish ionic clay type REE potential
can be done inexpensively using grid based hand auger sampling and metallurgical
test work.
Aidan Bishop, Director, commented:
“The signing of the Native Title Mining Agreement is a significant milestone that now
enables exploration work to commence with a large land package with highly
prospective geology. I look forward to updating shareholders as exploration work
commences in 2025.”
NORRLAND GOLD CORP.
Aidan Bishop, Director
For further information please contact:
Investor Relations
Tel: 604-684-2181
Qualified Person: The scientific and technical data contained in this news release,
has been reviewed and approved by Douglas J. Kirwin, who served as the qualified
person (QP) under the definition of National Instrument 43-101.
Figure 1. Map showing location of Eversley’s North Gawler Project exploration tenements in
South Australia.
Figure 2. Eversley’s North Gawler Project exploration targets with reduced-to-pole (RTP)
magnetics image.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain statements that may be deemed “forward-looking
statements.” Forward-looking statements are statements that are not historical facts
and are generally, but not always, identified by the words “expects”, “plans”,
“anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar
expressions, or that events or conditions “will”, “would”, “may”, “could” or “should”
occur. Although the Company believes the expectations expressed in such forward-
looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or realities may differ materially
from those in forward looking statements. Forward looking statements are based on
the beliefs, estimates and opinions of the Company’s management on the date the
statements are made. Except as required by law, the Company undertakes no
obligation to update these forward-looking statements in the event that management’s
beliefs, estimates or opinions, or other factors, should change.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this press release.
Please visit us at www.norrlandgold.com