NORRLAND ANNOUNCES IMPROVEMENTS IN THE SWEDISH REGULATORY FRAMEWORK, AND MOVES TO THE NEXT PHASE AT VITTANTRÄSKET, SUB-SURFACE EXPLORATORY DRILLING Norrland Gold Corporation (”Norrland” or ”the Company”, TSX-V: NORR, Frankfurt
www.norrlandgold.com
NEWS RELEASE
JULY 3, 2024
NORRLAND ANNOUNCES IMPROVEMENTS IN THE SWEDISH
REGULATORY FRAMEWORK, AND MOVES TO THE NEXT PHASE AT
VITTANTRÄSKET, SUB-SURFACE EXPLORATORY DRILLING
Norrland Gold Corporation (”Norrland” or ”the Company”, TSX-V: NORR, Frankfurt
Exchange: 8VC) is pleased to announce substantial amendments and improvements
in the Swedish regulatory framework, enabling the company to commence the
previously announced drilling campaign. The amendments of most significance for
Norrland are:
• The requirements for Municipal water and environmental permits prior to drilling
are now abolished. These requirements were major bottlenecks.
• The requirement for a permit for motorized transport in the terrain during drilling
is abolished.
In general, political as well as public perceptions of exploration and mining have greatly
improved, demonstrated by for example:
• On May 23, 2024, the EU’s Critical Raw Materials Act entered into force, giving
priority to mining projects of national interest over other land-uses.
• Environmental Impact Assessments of “Natura 2000” areas are now only
required at the mining stage, as part of the process of an application for an
environmental permit for mining, not prior to that stage. This was earlier a major
bottleneck.
After the improvements, the required environmental permit as well as the consent of
the stakeholders were granted to Norrland in record time.
The anomalies at Vittanträsket will now be the subject of shallow exploratory drilling to
investigate the geology below recent glacial moraine cover.
The
Vittanträsket tenement is covered by one of the most substantial soil geochemical
gold anomalies in Sweden, (figure 1). Similar gold-soil geochemical anomalies are
located at known deposits, such as for example at the Barsele deposit of Agnico-Eagle
/ First Nordic Metals.
A significant north-south trending magnetic high anomaly is partly overlapping the area
covered by anomalous gold-in moraine samples, taken during the widely spaced
regional surveys of the Swedish Geological Survey (SGU). Moraine is un-sorted
boulder debris, left behind by the glaciation of northern Europe approximately 10,000
years ago. Since that time, the moraine has been in-situ and subjected to natural
geochemical processes. The moraine cover is substantial in the gold-prospective
region in northern Sweden; thus, potential exists for previously un-discovered deposits.
A shallow sub-surface scout drilling program will be undertaken by the end of August
2024 by conventional track-mounted drilling equipment to interpret the geology.
Results from the program are expected on or around the end of the third quarter of
2024.
Anders West, CEO, commented:
It is encouraging to note the Swedish government actions that are supportive for
mineral exploration. I look forward to upcoming drilling and updating the market in due
course.
NORRLAND GOLD CORP.
Anders West, CEO
For further information please contact:
Investor Relations
Tel: 604-684-2181
Qualified Person: The scientific and technical data contained in this news release,
pertaining to the Vittanträsket project, has been reviewed and approved by Douglas
J. Kirwin, who served as the qualified person (QP) under the definition of National
Instrument 43-101.
Please visit us at www.norrlandgold.com
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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.
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adequacy or accuracy of this press release.
Figure 1