TORONTO, Feb. 3, 2025
/CNW/ - First Nordic Metals Corp. (the "Company"
or "FNM") (TSXV: FNM) (OTCQB: FNMCF) (FRA: HEG0) is pleased
to announce the commencement of a top-of-bedrock (i.e. base-of-till
("BoT")) drilling program on the Harpsund and Brokojan targets
located in its 100%-owned Paubäcken project ("Paubacken" or the
"Project") area of the Gold Line belt, northern Sweden.
Taj Singh, CEO
remarks: The multi-kilometric Brokojan target was
identified last year from the Paubӓcken project gold pathfinder
till sampling program. When Brokojan was combined with the
previously identified and adjacent Harpsund anomaly, a 5.5 km long
target area (strike) emerged. To put this in context, the Company's
Barsele project resource footprint length is approximately 3.5 km.
Also noteworthy is that the Company's ~4 km Aida target, at the
Paubӓcken project and slated to start diamond drilling in a few
weeks, is only few km south of the Harpsund-Brokojan target area.
Our top-of-bedrock ("BoT") drilling at Harpsund and Brokojan will
provide us key geochemical information (gold and pathfinder assays
of bedrock) for these targets, setting them up for diamond drilling
later this year. BoT drilling has been a critical step for mineral
deposit discovery and delineation in the Nordics and has a strong
correlation with diamond drilling results."
2025 Harpsund / Brokojan Target Top-of-Bedrock Drilling
Program
The program is designed to investigate bedrock
sources of the on-trend Brokojan and Harpsund anomalies ("targets")
that occur along the second order Harpsund structural corridor. The
targets consist of two semi-contiguous anomalies over a +5
kilometre by up to 1 kilometer ("km") wide gold, arsenic, copper
and zinc (Au, As, Cu and Zn) glacial till anomaly oriented in
the prominent ice flow direction. The program will include up to
180 BoT drill holes and is designed to systematically test the
bedrock along the 5 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). Analysis of historic
airborne magnetic geophysical data identified a second order
structural corridor that is coincident to the gold and pathfinder
anomaly that will be targeted in the drilling campaign.
BoT drilling is an efficient exploration technique in glaciated
terrains that provides high-quality geological data and allows
direct analysis of underlying bedrock lithologies which have the
potential to host mineral deposits. This technique reduces costs
compared with conventional reverse circulation (RC) or diamond
drilling, has a small environmental footprint, and increases the
probability of identifying potential mineral deposits. It is a
critical step in the exploration workflow when exploring under
shallow glacial cover, bridging surface surveys and deeper, more
targeted drilling programs.
About the Harpsund and Brokojan Targets
The Harpsund
and Brokojan targets are located in the Paubäcken Project area of
the Gold Line belt in northern Sweden. Both target areas are located on a
northwest trending second order splay structure off the main
regional Gold Line belt structure. The Brokojan target is located
at the intersection of first and second order structures, and the
Harpsund target within a large flexure and/or fold hinge along the
structure. 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 Paubäcken Project
The Paubäcken project
consists of three licenses totalling 17,097 ha that cover the
central part of an emerging district in north central Sweden known as the "Gold Line belt". The Gold
Line belt is host to several significant gold deposits, including
the Company's nearby Barsele project, as well as the Svartliden
mine and Fäboliden development project, both operated by Dragon
Mining Ltd. The Svartliden mine was in production from 2005 to 2015
and a total of 3.18 million tonnes of material grading 4.1 g/t Au
was processed during its operation
(http://www.dragonmining.com/svartliden). Paubäcken is
strategically positioned between Barsele and Fäboliden, is a few
hundred meters northeast of the Svartliden mine, and features a
regional shear zone with multiple untested gold anomalies.
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.
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 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.
