First Nordic Commences Base-of-Till Drilling Program at Klippen Project on the Gold Line Belt, Sweden
First Nordic Commences Base-of-Till Drilling
Program at Klippen Project on the Gold Line
Belt, Sweden
VANCOUVER, BC
,
Oct. 7, 2024
/CNW/ -
First Nordic Metals Corp.
(the
"Company"
or
"First
Nordic"
) (TSXV: FNM) (OTCQB: FNMCF) (FRA: HEG0) is pleased to announce the
commencement of a base-of-till ("BoT", also known as top-of-bedrock) drilling program on the
100%-owned Klippen Project ("Klippen" or the "Project") located in the southern extent of the Gold
Line Belt, northern
Sweden
.
Taj Singh
, First Nordic President and CEO comments:
"The Klippen target currently being
tested represents one of the most extensive gold and pathfinder element anomalies in the First
Nordic portfolio, at over 5 kilometer long. The litho-structural setting is ideal for large orogenic gold
deposits, and historical exploration has identified gold mineralization, but this does not seem to
explain the size and intensity of the till anomaly, so the exploration potential here remains high.
BoT drilling is the most effective method of targeting potential new discoveries under glacial till
cover and has already proven fruitful at our Paubäcken Project's Aida discovery further north. We
look forward to reporting results later this fall as well as advancing exploration on multiple assets
on the Gold Line belt in Q4."
Q4 2024 Klippen Project Exploration Program
The fall Klippen Project BoT drilling program is designed to investigate bedrock sources of a > 5
kilometre ("km") by 350 meter ("m") wide historic gold, arsenic, copper and zinc glacial till anomaly
oriented in the prominent ice flow direction. The program will include up to 120 BoT drill holes and is
designed to systematically test the bedrock along a 1 km zone interpreted to be the most probable
source of the till anomaly based on interpretation of geophysical data and ice flow direction (see
Figure 1). Several other coincident arsenic, copper, zinc anomalies identified in the 2023 glacial till
sampling program will also be tested. Samples from these target areas were analyzed using XRF
(x-ray fluorescence) which did not analyze for gold but contain similar pathfinder element
assemblages.
Historic BoT and diamond drilling campaigns carried out by previous operators was focused in a
small area of the anomalous zone. Here, anomalous gold mineralization was encountered in both
BoT and diamond drilling. Mineralization observed is mainly hosted within a highly strained and
altered syn-kinematic granodiorite measuring 4.5 km by 0.5 km. Gold mineralization mainly occurs
as sulphide veins consisting of pyrite, arsenopyrite, chalcopyrite and pyrrhotite hosted within the
highest strain zones of the granodiorite and minorly within highly strained sedimentary and volcanic
units along the margins of the granodiorite. Mineralization is associated with intense sericite,
carbonate, epidote and biotite hydrothermal alteration assemblages extending laterally into wall
rock. Interpretation of historic drill core has led to the interpretation that mineralization encountered
to date may be distal to a larger zone of mineralization under the main area of the till anomaly.
Figure 1: Klippen project top-of-bedrock drilling plan (CNW Group/First Nordic Metals Corp.)
About the Klippen Project
The Klippen project is located in a southern extension 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 Gold Line Belt Geology
The geology of the Gold Line Belt consists of an inverted volcano-sedimentary sequence intruded by
small pre- to syn-kinematic granitic intrusions within a broad, anastomosing high strain structural
corridor. Lithologies are regionally metamorphosed to upper greenschist and amphibolite grade
facies, and gold mineralization is associated with intense sericite, carbonate, biotite, and calc-silicate
alteration assemblages and sulphide minerals pyrite, arsenopyrite, and pyrrhotite. The regional Gold
Line structural corridor runs up the axis of the belt with many jogs, splays, and zones of structural
complexity that are potential locations for dilation and deposition of gold bearing fluids. These
lithological sequences are deemed to be highly prospective for orogenic gold deposits.
ABOUT FIRST NORDIC METALS
The Company's flagship asset is the Barsele gold project, located in northern
Sweden
and in a joint
venture with senior gold producer Agnico Eagle Mines Limited. Immediately surrounding the Barsele
project, FNM is the 100%-owner of a district-scale license position of close to 100,000 hectares on
Gold Line Greenstone Belt. Additionally, in northern Finland FNM is the 100%-owner of a district-
scale position covering the entire Oijärvi Greenstone Belt.
ON BEHALF OF THE BOARD OF DIRECTORS
Taj Singh
, M.Eng, P.Eng, CPA
President & CEO, Director
Qualified Person
Benjamin Gelber
, P. Geo., Chief Technical Director of the Company, 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
Forward-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 news release may include forward-looking statements that are subject to inherent risks and
uncertainties. All statements within this news release, other than statements of historical fact, are to
be considered forward looking. Although First Nordic 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 developments may differ materially from
those described in forward-looking statements. Factors that could cause actual results to differ
materially from those described in forward-looking statements include fluctuations in market prices,
including metal prices, continued availability of capital and financing, and general economic, market
or business conditions. There can be no assurances that such statements will prove accurate and,
therefore, readers are advised to rely on their own evaluation of such uncertainties.
SOURCE
First Nordic Metals Corp.
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For further information:
For further information contact: Alicia Ford, Business Development
Manager, Phone: 403-604-9646, Email: [email protected]
CO: First Nordic Metals Corp.
CNW 02:00e 07-OCT-24