New Rare Earth Elements (REE) Tenement Granted
www.norrlandgold.com
FOR IMMEDIATE RELEASE
Contact: Investor Relations Thursday, March 17, 2022
Phone (604) 684-2181 (No.2022-03-01)
NEW RARE EARTH ELEMENTS (REE) TENEMENT GRANTED
Vancouver, British Columbia – March 17, 2022 - Norrland Gold Corporation (”Norrland”
or ”the Company”, TSX-V: NORR, Frankfurt Exchange: 8VC) is pleased to announce the
granting of a new tenement that is prospective for Rare Earth Elements as the Company
continues to build an attractive diversified exploration portfolio in Sweden, a Tier 1 mining
jurisdiction.
Highlights:
• Increasing Norrland’s land holding with the granting of the Liljendal Rare Earth
Elements (REE) tenement;
• Geophysical work continues at the Vittanträsket and Pingisvaara gold projects;
• Re-logging historical drill core at the Junsele Battery Metals prospect.
The Liljendal Rare Earth Elements (REE) tenement, located in central Sweden, covers an area
of 1,732 hectares. The first exploration period expires February 2, 2025. The tenement covers
more than ten kilometers along a major tectonic zone with known REE mineralization.
Many of the Rare Earth Elements, such as Holmium, Yttrium, and others, were first discovered
in Sweden in the late 18 th and early 19 th century. Sweden is sometimes referred to as the
“Home of Rare Earth Elements”. Rare Earth Elements are all considered strategic metals by
the Swedish government who have an active interest in identifying sources within the European
Union.
The Company will conduct surface sampling and mapping with a view to defining drill targets
in this well exposed area. This program will commence towards the end of the second quarter
as weather permits.
The current geopolitical turmoil and rising energy prices are likely to result in western
economies accelerating the shift towards the ‘green economy’ and reducing reliance upon
fossil fuels. The electrification of the energy used to drive machinery is a key part of the energy
transition and one of the most significant energy shifts in history. Magnet metals are central
to this transition and critical to manufacturing applications such as electric vehicles and wind
turbines. The location of critical rare earth materials will become significant factors in future
supply chains. Prices of Praseodymium-Neodymium Oxide (NdPr) continue to rise driven by
burgeoning demand and growing shortage of supply in China.
Location of Liljendal Map Source: www.eurare.org
Gold Projects Update - Vittanträsket and Pingisvaara
Geophysical work is ongoing at Norrland’s two gold-prospects in Northern Sweden,
Vittanträsket and Pingisvaara which was announced previously on December 9, 2021. Many
of Sweden’s deposits are hidden under moraine cover which presents a great opportunity for
a new discovery. Vittanträsket is located within the most substantial geochemical gold in
moraine anomaly in Sweden. The 4 million oz historical Boliden gold mine current 1 million
plus oz Barsele gold project of Agnico Eagle are examples of known deposits in the same
geological terrain and region in which the Company is working.
Battery Metals Project Update - Junsele
The Company announced previously on December 9, 2021 the granting of the Junsele
tenement covering 1,225 hectares over a layered mafic with ultramafic layers intrusion in
central Sweden. The Swedish government carried out a nationwide exploration program for
Platinum in the 1980s. An unsubstantiated platinum assay of 21 g/t in a chip sample from
narrow ultramafic bands was reported which represented the highest platinum value sample
ever recorded by state geologists in Sweden.
Junsele represents a virtually unexplored layered mafic complex with potential to host
significant PGEs, nickel and copper.
The Company plans to re-log historical drillcore at the Junsele project to validate historical
grades and to plan for future exploration.
Anders West, CEO, commented:
“The granting of the Liljendal Rare Earth Elements tenement is a significant milestone for
Norrland which increases our footprint in Sweden as we build a diversified portfolio of
commodities. With metals and commodity prices moving to all-time highs and the increasing
need to source these metals from top tier mining jurisdictions, Norrland is well positioned to
receive interest from both investors and established mining companies seeking opportunities
in strategic jurisdictions.”
“Sweden has a rich mining heritage and as a Swedish geologist I am very pleased that we
have been able to secure attractive tenements in the right locations within Sweden.
2022 will be a busy year for Norrland as we seek to further develop the four projects. I look
forward to updating shareholders with exciting news as the year progresses.”
Fig. 1. The location of Norrland Gold projects in prospective geological terrains in the
Fennoscandian shield
NORRLAND GOLD CORP.
Anders West, CEO
Qualified Person: The scientific and technical data contained in this news release, pertaining
to the Vittanträsket, Pingisvaara, and Junsele Projects, has been reviewed and approved by
Douglas J. Kirwin, who served as the qualified person (QP) under the definition of National
Instrument 43-101.
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