TORONTO, Jan. 27,
2025 /CNW/ - First Nordic Metals
Corp. (the "Company" or "FNM") (TSXV: FNM)
(OTCQB: FNMCF) (FRA: HEG0) is pleased to announce the results from
its recently completed regional geochemistry exploration program on
the 100%-owned Storjuktan project area ("Storjuktan" or the
"Project") of the Gold Line belt, northern Sweden.
Taj Singh, FNM CEO
comments: "The Storjuktan project, immediately
contiguous to the north of our resource-stage Barsele project,
continues to highlight its emerging potential. Our H2-2024
geochemical program has returned four newly identified orogenic
gold pathfinder anomalies, all multi-kilometric in scale (gold
assays pending), and the identified As-Cu-Zn anomalies are all
consistent with orogenic gold signatures on the Gold Line belt.
These new targets add to the pipeline at Storjuktan, where the most
advanced target is Nippas, a 5 km gold and pathfinder anomaly
discovered last year, and where we started an extensive
base-of-till drilling program several weeks ago (results pending).
What is noteworthy is that only half of the Storjuktan project area
has been sampled and we already have five large-scale targets to
advance towards drilling."
H2-2024 Storjuktan Project Exploration Program
During
the 2024 field season, FNM continued a property-wide till
geochemical survey with the collection of approximately
17,000 B-horizon glacial till samples
over the Storjuktan project area. The H2-2024 surficial geochemical
exploration program consisted of an expansion of the previous
year's regional till sampling program. Four new high priority
kilometric-scale orogenic gold pathfinder anomalies have been
identified consisting of arsenic-copper +/- zinc (As+Cu +/- Zn)
(See Figures 1, 2 and 3 in Appendix
below), demonstrating the effectiveness of the Company's
exploration methodologies for target generation in a systematic and
cost-effective manner. A subset of samples within the anomalous
area identified are currently being selected for gold assay at an
external laboratory. Based on these results, these identified
targets will continue to be assessed and prioritized for follow up
top-of-bedrock (i.e. base-of-till drilling ("BoT")) drilling in
2025.
A high-density sample spacing is used (15m x 75m sample
average spacing) to identify anomalous areas. Sampling direction is
designed to be perpendicular to structural corridors as well as
oblique to the ice flow direction. To date, 21,000 samples of a
planned 41,500 sample program have been collected representing
approximately 50% coverage of the of the 25,000-hectare Storjuktan
project area. Areas targeted to date include the south, central,
and northernmost areas of the concession package. Sample coverage
in most areas does not give complete coverage due to surficial
ground conditions. As is common in glaciated terrains of northern
Sweden, up to half of the total
land surface area is covered with bogs and swamps where it is not
possible to collect high quality surface samples year-round.
Orogenic gold deposits of the Gold Line greenstone belt are
typically associated with As-Cu-Zn +/- molybdenum (Mo) pathfinder
elements. All samples are screened using XRF analysis (x-ray
fluorescence) for typical gold pathfinder elements and samples from
anomalous areas are currently being selected for gold assay at an
external laboratory. Based on results, these new targets will be
prioritized for follow up top-of-bedrock (i.e. base-of-till
drilling ("BoT")) drilling later in 2025.
Southern Targets
The southern area of the Project
contains three main sub-parallel, anastomosing shear corridors
comprising the Gold Line belt structural corridor. These structures
were targeted in the 2024 sampling program. Three new target areas
have been identified in the sampling program (see Figures 1, 2 and
3 in Appendix below). The As+Cu +/- Zn pathfinder anomalies
identified are coincident with the structural corridors and range
in size from 1.2 km to 1.7 km in length and are up to 1 km wide in
the down ice direction, which is roughly perpendicular to the
structural trend in this area of the concession. A subset of the
anomalous samples identified in all three target areas are
currently being selected for gold assay at an external
laboratory.
Northern Target
The main Gold Line belt structure
appears to bifurcate in the northern extent of the Storjuktan
project area and both the northeast and northwest trending
structures were targeted in the 2024 sampling campaign. A cohesive
As-Cu-Zn anomaly has been identified coincident with the northwest
trending structure corridor measuring 1.7 km by 0.6 km and oriented
in the down ice direction. Sampling was not completed in this area
due to onset of winter conditions and the anomaly remains open
along strike in both directions. The 2025 surface till geochemical
sampling program will continue to develop this high priority
target.
About the Storjuktan Project
The Storjuktan project is
a large, early-stage project strategically positioned north of the
Company's Barsele project. It consists of seven contiguous licenses
covering 30,000 ha located in the northern portion of the Gold Line
belt in northern Sweden, it and
contains over 60 km of the regional Gold Line structure. All
mineralization discovered to date shows a spatial relationship to
this structural corridor, occurring mainly on second- and
third-order splay structures.
The Nippas project is the most advanced target located on the
Storjuktan project area. 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
First Nordic Metals Corp.
(FNM) 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 three additional projects (Paubäcken,
Storjuktan, Klippen), which combined with the Barsele Project,
total 104,000 hectares on the Gold Line 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., Chief Technical Director of FNM, is the
Qualified Person as defined in NI 43-101, and takes responsibility
for the technical disclosure contained within this news
release.
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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 contains forward-looking statements, including
but not limited to comments regarding the timing and content of
upcoming work programs, geological interpretations, receipt of
property titles, potential mineral recovery processes, etc.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results
may differ materially from those currently anticipated in such
statements and FNM undertakes no obligation to update such
statements, except as required by law.
SOURCE First Nordic Metals Corp.
