First Nordic Launches Phase 1 Diamond Drill Program at High-Priority Nippas Target TORONTO ,
First Nordic Launches Phase 1 Diamond Drill
Program at High-Priority Nippas Target
TORONTO
,
June 17, 2025
/CNW/ -
First Nordic Metals Corp.
("
FNM
" or the "
Company
") (TSXV:
FNM) (FNSE: FNMC SDB) (OTCQB: FNMCF) (FRA: HEG0) is pleased to announce the
commencement of a 5,000-meter ("m") Phase 1 diamond drill program at its 100%-owned Nippas
target, part of the Company's Storjuktan land package in northern
Sweden's
Gold Line greenstone
belt.
Phase 1 will consist of up to 26 diamond drill holes to test two of three identified structural corridors
at Nippas. Drilling is being carried out by
Finland
-based Comadev Oy and is designed to build on
promising results from recent base-of-till / top-of-bedrock ("BoT/ToB") drilling. The third corridor
identified to date is in an area dominated by bogs and will be tested in the winter after freeze-up.
Based on the success of this program, FNM plans to complete up to an additional
5,000 m
of drilling
at Nippas through 2025.
Taj Singh
, CEO of FNM, comments:
"The commencement of drilling at Nippas marks another
important milestone for our team and reflects the systematic, data-driven approach we take across
our portfolio. With promising BoT/ToB and geochemical indicators, Nippas has the potential to
become a cornerstone discovery within the Storjuktan land package and the broader Gold Line
belt. This program is designed to advance our understanding of the target and lay the groundwork
needed to unlock its full potential."
Nippas Phase 1 Drill Program Details
Target 1
: A 2.2 km-long Au-As-Cu-Zn-Mo surface till anomaly coincident with strongly elevated
ToB results (up to 2.66 ppm Au). The anomaly is located along a geophysical trend interpreted
as a sheared contact between two lithological units. Target 1 will be initially tested with up to
3,600 m
of diamond drilling in 16 holes over 1.4 km strike of identified structural feature, as
shown in Figure 1.
Target 2
: A parallel 2.0 km Au-As-Cu-Zn-Mo anomalous surface till trend, coincident with
elevated gold in bedrock and glacial till. This trend is interpreted to be the sheared boundary
between metasediments and a large granite intrusion. Target 2 will be tested with up to
1,400
m
of drilling in 10 holes over a 1.3 km strike of the identified structural feature, shown below in
Figure 1.
Figure 1: Planned drill holes for the Phase 1 program at Nippas, detailing results of the Q1 2025
BoT/ToB program, surface till pathfinder anomalies, and target trend outlines along structural
corridors. 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.)
This focused Phase 1 program is designed to confirm the presence of mineralized shear corridors,
define their geometry and scale, and establish a robust geological model for further expansion.
As the Company awaits assay results from the Aida drill program, the Phase 1 program at Nippas
ensures continued exploration activity and efficient use of the drill rig. Results from Nippas will also
support broader geological understanding across the Storjuktan land package and inform future drill
campaigns.
About the Nippas Target
The Nippas project is located within the Storjuktan project area along the Gold Line belt in northern
Sweden
. Pathfinder element signatures and magnetic geophysical trends are coincident with
sheared contacts between metasediment, metavolcanic, and granitic lithologies. Three sub-parallel
structural trends have been identified, with a combined strike length of over 5.2 km. These trends
are situated within a regional flexure and coincide with several interpreted second-order splay
structures along the margin of a large granite intrusion.
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. 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 projects (Paubäcken, Storjuktan), which
combined with Barsele, total approximately 100,000 hectares on 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.
For further information contact:
Marie Macdonald
Investor Relations
604-687-8566
Follow First Nordic Metals:
Twitter:
@fnmetals
Youtube:
@firstnordicmetalscorp
LinkedIn:
@firstnordicmetals
Facebook:
@FirstNordicMetals
Instagram:
@firstnordicmetals
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
news release
.
Forward-Looking Statements
This news 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 and includes,
statements with respect to (i) the NBU Acquisition, (ii) issuance of Shares thereunder, and (iii)
receipt of TSXV approval of the NBU Acquisition. 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 news 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 news
release are free from errors and readers of this news release should not place undue reliance on the
forward-looking statements in this news release. The information, opinions and forward-looking
statements that are expressly or implicitly contained herein speak only as of the date of this news
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 news release,
unless it is required by law or Nasdaq First North Growth Market Rulebook for Issuers of Shares.
SOURCE
First Nordic Metals Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/June2025/17/c2283.html
%SEDAR: 00037711E
CO: First Nordic Metals Corp.
CNW 07:30e 17-JUN-25