Folldal Project Acquisition Expands Playfair's Copper Exploration in Norway
Folldal Project Acquisition Expands Playfair's
Copper Exploration in Norway
Vancouver, British Columbia--(Newsfile Corp. - April 19, 2022) - Playfair (TSXV: PLY) (FSE: P1J1)
(OTC Pink: PLYFF) has acquired exploration rights on the 80.7 square kilometer Folldal Project directly
from the Norwegian government by application to the Directorate of Mining. There are no underlying
property deals or royalties.
Figure 1: Geology and Historic Mines
To view an enhanced version of Figure 1, please visit:
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The Folldal Project is centered about 25 km southwest of the Southern boundary of Playfair's RKV
project (see Figure 1). It includes four former copper/zinc mines and numerous sulphide occurrences.
The last recorded systematic regional exploration occurred during the early 1980's.
Don Moore, CEO of Playfair, comments:
"Playfair has been exploring in Norway since 2019. Playfair's approach of applying modern technology
to exploration of the RKV historic mining district has identified compelling new drill targets in
underexplored areas. We are looking forward to drilling these targets this summer. Norway has many
such underexplored districts with favorable geology. We are confident that a similar approach to
selected properties, such as Folldal, will generate excellent targets for copper, zinc, and gold
discoveries during a time of strong metal prices."
The former producing mines are described in The Norwegian Geological Survey's Ore Database as
follows:
Folldal Mine (Hovedgruva).
NGU Ore Database details can be found
here
"The Folldal mine was opened already in 1747, and the first mining lasted until 1807. After that period,
regular production was carried out in several periods until 1941. In total 1.15 mill.t. of ore with 1.9 % Cu
and 1.1 % Zn was produced. The ore was very pyrite-rich and from 1907, pyrite was a very important
product from this mine. The deposit is hosted by meta-basalt (locally pillowed), which is intruded by a
large body of trondhjemite (dated to 488 Ma). The mineralization occurred in four separate lenses, of
which the so-called main lens was the most important. The ore was mined to a depth of 600 m along
plunge and 900 m along strike. The ore thickness was between 1-12 m (the main lens typically 3-12
m)."
Nordre Geitryggen Mine.
NGU Ore Database details can be found
here
"The Nordre Geitryggen mine produced 2.5 mill.t. of ore with 1.3 % Cu, 3.2 % Zn, 0.2 % Pb, 31 ppm
Ag and 0.2 ppm Au, mainly between 1936 and 1970, and was the largest of the Folldal mines. The
deposit is situated in banded chlorite schists, which are typical tuffitic rocks in the area. Thin lenses of
felsic volcanics and volcaniclastics are inter-banded in the schists, as well as horizons of graphite
schist. The ore zone has a strike length of 550 m, and was mined to a vertical depth of 550 m. The
average ore thickness was 1.7 m but varied between 0.1 and 10.4 m because of folding. The ore was
generally a banded pyrite-sphalerite-pyrrhotite-chalcopyrite ore with local enrichments of magnetite.
The matrix was dominated by calcite and quartz."
Søndre Geitryggen Mine.
NGU Ore Database details can be found
here
"The Søndre Geitryggen deposit was in the earliest periods 1770-1848 and 1860-1878 mined for
copper in the eastern part of the deposit where the copper grades were the highest (stringer zone),
while copper, zinc and pyrite were mined in the western zinc-dominated part in the last mining period
(1952-1965). In total c. 0.5 Mt of ore grading 0.8 % Cu, 2.4 % Zn was taken out, and the mine had a
strike length of 400 m and a vertical depth of 165 m. Mining ended because workers were needed in
the new, large mine at Tverrfjellet, not because the deposit was mined out. The deposit is situated in
the upper parts of a 20-50 m rhyodacite lens, in contact with overlying tuffitic schists. The main
massive ore is a banded pyrite-sphalerite ore."
Nygruva Mine.
NGU Ore Database details can be found
here
"Nygruva mine was in production in three periods from 1783 to 1952. In total 0.3 Mt ore was produced
with 0.85 % Cu and 3.5 % Zn. The ruler-shaped deposit has a length of 680 m, width of 60-70 m and
an average thickness of 3 m. Two normal faults cut across the deposit of which the westernmost one
marks the end of the known deposit. Investigations (as late as in 1990) to find the continuation have
not been successful. The massive part of the ore is a banded pyrite-sphalerite ore with lesser
chalcopyrite and pyrrhotite in a quartz-calcite matrix. In the stratigraphic footwall of the massive ore
are irregular lenses of zinc- or copper-rich ore, which locally are enriched in gold (up to 7.1 gpt)."
Playfair now will compile available information and plan exploration using modern methods for this
underexplored highly prospective area.
The technical contents of this release were approved by Greg Davison, PGeo, a qualified person as
defined by National Instrument 43-101. All metal values, mining production tonnages and geological
dimensions reported herein are strictly historical in nature, were derived from third party sources
compiled by NGU and pre-date NI 43-101 guidelines.
The Company and its Qualified Person believe
that the data will withstand scrutiny for inclusion and provides a conceptual indication of the property
potential relevant to ongoing mineral exploration.
The road to a cleaner environment includes electric vehicles. Electric vehicles need copper,
nickel, and cobalt. There is no green future without minerals.
For further information visit our website at
www.playfairmining.com
or contact:
Donald G. Moore
CEO and Director
Phone: 604-377-9220
Email:
D. Neil Briggs
Director
Phone: 604-562-2578
Email:
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management, as well as assumptions made by and information currently available to Playfair
management. Such statements reflect the current risks, uncertainties and assumptions related to
certain factors including, without limitations, exploration and development risks, expenditure and
financing requirements, title matters, operating hazards, metal prices, political and economic factors,
competitive factors, general economic conditions, relationships with vendors and strategic partners,
governmental regulation and supervision, seasonality, technological change, industry practices, and
one-time events. Should any one or more of these risks or uncertainties materialize or change, or
should any underlying assumptions prove incorrect, actual results and forward-looking statements
may vary materially from those described herein.
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of this release.
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