Latest news with #FNM
Cision Canada
29-05-2025
- Business
- Cision Canada
First Nordic Confirms Robust Gold-in-Till Anomaly and Reports Encouraging Top-of-Bedrock Drill Results at Harpsund
TORONTO, May 29, 2025 /CNW/ - First Nordic Metals Corp. (" FNM" or the " Company") (TSX.V: FNM, Stockholm: FNMC SDB, OTCQB: FNMCF, Germany: HEG0) is pleased to announce results from its glacial till geochemical survey and initial base-of-till / top-of-bedrock ("BoT/ToB") drill program at the high-priority Harpsund target ("Harpsund"), located on the Company's 100%-owned Paubäcken Project in Västerbotten County, northern Sweden, within the Gold Line greenstone belt. Harpsund is located approximately 30 km south of the Company's resource-stage Barsele project. The current results advance Harpsund to a high-priority diamond drill target, strengthening FNM's target-rich belt-scale portfolio, while also continuing to demonstrate the effectiveness of FNM's exploration process. Highlights: Highly anomalous kilometric-scale gold-in-till anomaly confirmed over a +5 km structural corridor. Strong pathfinder element associations indicate a robust orogenic gold system. Large-scale gold-in-bedrock anomalism encountered in Harpsund BoT/ToB drilling. Follow-up programs, including additional BoT/ToB and diamond drilling, are fully permitted and planned for H2 2025. FNM CEO Taj Singh comments:" Harpsund is emerging as one of the more exciting new targets on the Gold Line belt. We've confirmed a cohesive, multi-kilomeric gold-in-till anomaly – one of the most robust we've seen in the region. Additionally, the initial BoT/ToB drilling confirms a large-scale, cohesive gold-in-bedrock anomaly. Our knowledge of the +5 km Harpsund/Brokojan corridor has increased substantially, and our plan is to complete a brief follow-up BoT/ToB program here shortly and then proceed to diamond drilling in 2H 2025. Across the Gold Line belt, FNM continues its exploration and drill programs on multiple high-priority targets, and this will no doubt be one of the most active years in the region." Surface Till Gold Results In previous field seasons, FNM conducted a property-wide till geochemical survey with the collection of approximately 23,000 B-horizon glacial till samples over the Paubäcken project area. A high-density sample spacing is used (15 m x 75 m average) to identify anomalous areas, and sampling direction is designed to be perpendicular to structural corridors as well as oblique to the ice flow direction. All samples were screened using XRF analysis for typical orogenic gold pathfinder elements. A subset of samples from the adjacent Harpsund and Brokojan target areas, within the Paubäcken concession area, with anomalous pathfinder element signatures were selected for gold assays at MEFFA Lab Oy in Finland ("MEFFA"). Samples are prepared at MEFFA where the fine fraction is separated in a wet sieving process and subsequently analysed by laser ablation ICP-MS (inductively coupled plasma mass spectrometry) for gold. In total, 51 samples from the Harpsund/Brokojan target corridor were selected for gold analysis. Detailed glacial till sampling surveys have confirmed widespread gold mineralization along the Harpsund target area returning strongly anomalous gold results associated with a complex second order shear corridor. For regional context, values of 50 ppb gold and higher in glacial till are considered highly anomalous and thus important for the discovery of gold mineralization. In the current program, 97% of the samples from Harpsund returned values greater than 50 ppb gold, with samples up to 256 ppb gold. Results from the gold analysis show a strong correlation to orogenic gold pathfinder element anomalies and are interpreted to be derived from various bedrock lithologies and shear zones identified from geophysics data. The Harpsund/Brokojan target area forms two broad gold-in-till anomalies over a 5 km strike of a second order splay structure off the main Gold Line regional structure parallel with the down ice direction. The underlying geology is dominated by folded and sheared metasedimentary and metavolcanic units that are bounded by two prominent second order structural corridors. The orientation of the cohesive Harpsund anomaly is parallel to the axis of a plunging fold, with the highest and widest portion of the anomaly at the intersection of the fold axis and regional flexure within the second order splay structure. The Brokojan anomaly is more diffuse and occurs near the intersection between the first order regional Gold Line structure and the second order Harpsund/Brokojan splay structure. The Harpsund gold-in-till dispersion plume anomaly is one of the most cohesive surface till anomalies on the Gold Line belt and measures 2 km along the fold axis and in the down ice direction, by up to 800 m wide. Within the metasedimentary and metavolcanic units of the Harpsund target area, metal associations are generally Au-As-Cu-W-Ag-Te-Sb. Top-of-Bedrock/Base-of-Till Drilling Results In Q1 2025, 116 BoT/ToB holes were completed at Harpsund and Brokojan. At Harpsund, drilling targeted the strongest part of the gold anomaly located within the axis of the fold hinge and the intersection of the fold axis and second order splay structure. Gold results were generally anomalous with bedrock results up to 0.18 ppm gold and sample results > 0.1 ppm in 13 locations, forming a cohesive gold-in-bedrock anomaly. For regional context, values of 0.1 ppm or higher in bedrock are considered highly anomalous and thus important for the discovery of gold mineralization. Large areas of the gold-in-till anomaly along the axis of the fold to the NE in the up-ice direction were not drilled due access limitations in steep and challenging ground conditions; due to this, a large portion of the target area along the axis of the fold was not adequately tested in the drilling program and results encountered are potentially outside the main source of the anomaly. In addition, due to ground conditions sloping steeply to the northeast, it is possible that the till anomaly has been transposed slightly from the original location. The results are considered highly encouraging, and follow-up diamond drilling over the 2 km target area is planned for the second half of 2025, following programs at other priority targets along the Gold Line belt. Access was significantly limited at the Brokojan target due to several factors including unusually mild winter conditions resulting in partially frozen swamp areas, and steep ground conditions. The main target area at Brokojan was not tested as a result and will be targeted with a follow up campaign of BoT/ToB in H2 2025 when conditions allow. About the Harpsund and Brokojan Targets The Harpsund and Brokojan targets are located within 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 covers 17,097 hectares across three licenses in the heart of northern Sweden's emerging "Gold Line belt". The belt hosts several significant gold deposits, including the Company's nearby Barsele project as well as the Svartliden mine and Fäboliden development project, operated by Dragon Mining Ltd. 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 two additional project areas (Paubäcken, Storjuktan), which combined with the Barsele project, total ~100 km of strike coverage of 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, CPA CEO & Director For further information contact: Marie Macdonald, Investor Relations, Phone: 604-687-8566, Email: [email protected] Follow First Nordic Metals: Twitter: @fnmetals | Youtube: @firstnordicmetalscorp | LinkedIn: @firstnordicmetals Facebook: @FirstNordicMetals | Instagram: @firstnordicmetals Qualified Person & QA/QC 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. ToB/BoT samples All 2025 BoT/ToB samples were collected under the supervision of EMX Royalty Corporation employees. Till and bedrock samples were transported from the drilling locations where it was bagged to the EMX office facility located in Malå, northern Sweden where it was logged. Sample reference materials were inserted at regular sample intervals. Groups of samples were placed in large bags and sealed with numbered tags to maintain a chain-of-custody and transported to the ALS Laboratory prep lab in Piteå. Samples were transported by ALS Laboratories to ALS in Loughrea, Ireland. Samples from the till part of the program where prepared with PREP-41 in Pitea. Samples where dried (<60°C) and sieved (-180µm (80mesh)) and subsequently 25 g of the fine fraction were analysed for Gold using the ALS AuME-ST43 package with a cyanide and aqua regia digestion and ICP-MS finish. Samples from the bedrock were separated in the lower 1.5 m sample interval, where individual samples were crushed to 2 mm (10 mesh) and a 250 g split was pulverized to 75 μm (200 mesh) for analysis (PREP-31Y) and analysed with a complete characterization package CCP-PKG01 combined with PGM-ICP23 for precious metals analysis. The assay package for the complete characterization combines a total carbon analysis (C-IR07), a multi element with ME-4ACD81 four acid digestion and ICP-AES finish for base metals, a major element analysis using ME-ICP06 with a fusion digestion and an ICP-AES finish, ME-MS42 with an Aqua Regia digestion and an ICP-MS finish for more volatile elements, ME-MS81 for refractory elements using a Li-Borate fusion digestion and ICP-MS finish, and sulfur content by induction furnace (S-IR08). If a second bedrock sample could be taken, the upper 1.5 m were analysed for gold only using ALS method PGM-ICP23 where a 30 g split is analyzed with fire assay by Pb collection and AAS finish. Surface till samples Sample reference materials were inserted at regular sample intervals. Samples were measured for gold pathfinder elements at the EMX facility via x-ray fluorescence (XRF). Based on the XRF results a subset of samples is then sent to MEFFA Labs Oy in Finland, where samples are prepared by fine fraction separation in a wet sieving process and subsequently analyzed by laser ablation ICP-MS for gold. 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.
Cision Canada
15-05-2025
- Business
- Cision Canada
First Nordic Receives Regional Till Gold Assays, Confirming Five New Kilometric-Scale Gold Anomalies at Storjuktan Project
TORONTO, May 15, 2025 /CNW/ - First Nordic Metals Corp. (the "Company" or "FNM") (TSX.V: FNM, OTCQB: FNMCF, Stockholm: FNMC SDB, Frankfurt: HEG0) is pleased to announce results from its recent regional geochemistry exploration program on the 100%-owned Storjuktan project area of the Gold Line greenstone belt, northern Sweden. The Storjuktan project area is directly contiguous to the north of the Company's resource-stage Barsele gold project. Highlights: Five new gold-in-till anomalies identified on the Storjuktan project area. Widespread gold mineralization associated with regional shear architecture and interpreted to be sourced from multiple lithology types. Targets are fully permitted for follow up base-of-till / top-of-bedrock (BoT-ToB) drilling in H2 2025. Over half the Storjuktan project area remains untested with surface geochemistry. Taj Singh, FNM CEO comments:"FNM continues to add more multi-kilometric targets to be progressed through our exploration stage-gate process. The constantly growing number of large-scale targets on the Gold Line belt not only reflects the underexplored nature of the region but also the potential strength of the underlying mineralized systems / sources. All five of these new gold anomalies at Storjuktan will be moved on to BoT-ToB drilling in the coming months and then onto diamond drilling thereafter. As announced a few weeks ago, we are preparing to mobilize a diamond drill rig to the Nippas area of the Storjuktan project in the coming weeks. Additionally, our diamond drilling program continues at the Aida target, located on our Paubäcken project on the southern Gold Line belt, with initial results expected soon." 2025 Storjuktan Project Target Generation 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 2024 geochemical exploration program consisted of an expansion of the 2023 regional till sampling program. A high-density sample spacing was used (15m x 100m average sample spacing) to identify anomalous areas, and sampling direction was designed to be perpendicular to structural corridors as well as oblique to the ice flow direction. All samples were screened using XRF (x-ray fluorescence) analysis for typical orogenic gold pathfinder elements. Early in 2025 five new high priority kilometric-scale orogenic gold pathfinder anomalies were identified, demonstrating the effectiveness of the Company's exploration system for identifying new high priority targets in a systematic and cost-effective manner. Subsequently in Q2 2025 a subset of samples from anomalous areas were selected for gold assay at MEFFA Lab Oy in Finland ("MEFFA"). Surface Till Gold Analysis Results A subset of samples from identified target areas with anomalous pathfinder element signatures were selected for gold ("Au") assay at MEFFA Lab Oy. Samples are prepared at MEFFA where the fine fraction is separated in a wet sieving process and subsequently analysed by laser ablation ICP-MS (inductively coupled plasma mass spectrometry) for gold. In total 1,936 samples from five identified target areas were selected for Au analysis within the Storjuktan concession area. Regional glacial till sampling surveys have identified widespread, newly discovered gold mineralization in multiple locations across the Storjuktan concession returning strongly anomalous gold results associated with multiple shear corridors within the belt. Results from the Au analysis show a strong correlation to orogenic gold pathfinder element anomalies and are interpreted to be derived from various bedrock lithologies and shear zones identified from geophysics data. Due to the extent of the Au anomalies encountered, FNM plans to increase the Au analysis coverage over greater areas of receptive geology and structural corridors with a second batch of samples. Storjuktan S outhern Target Area The southern target area contains three main sub-parallel, anastomosing shear corridors comprising the Gold Line belt structural corridor. The structures transect and form contacts between lithologies, collectively forming a complex anastomosing network of flexures and intersections. Underlying geology of the southern target area consists of inverted metasedimentary, metavolcanic, metavolcaniclastic units intruded by smaller syn-tectonic granitic intrusions. The target area is bounded to the north by a large syn-tectonic granite intrusion that acts as a buttress for the supracrustal units and structures to wrap around. These structures were targeted in the 2024 till sampling program. Four new target areas at Bråna, Sellman, Meta, and Ladu have been identified in the southern target area in 2025. Bråna Target Area Summary The Bråna target is a broad gold-in-till anomaly covering an area of approximately 2 km strike length perpendicular to the down ice direction by 1 km width in the down ice direction. The underlying geology is dominated by metasedimentary units transected by a prominent regional structural corridor. The source of the anomaly is interpreted to be within a regional flexure in the shear corridor with the highest value cluster located near the intersection between two structures. Within the metasedimentary units, metal associations are generally Au-As-Cu-Zn (gold-arsenic-copper-zinc) with till sample results up to 217 ppb Au. Follow up BoT-ToB drilling is planned to test this target with fences perpendicular to the regional structure orientation. Sellman Target Area Summary The Sellman target is a broad gold-in till anomaly that measures approximately 1.2 km in the down ice direction. The underlying geology is dominated by metavolcanic and metavolcaniclastic units in between two parallel shear structures. The anomaly forms two main gold clusters with results up to 302 ppb Au that are interpreted to lie within the hinge and limb of a broad fold structure located between two regional shear corridors. Within the metavolcanic units metal associations are muted and there are no obvious coincident pathfinder element signatures. The area analysed for gold at the Sellman target was limited and is planned to be expanded along the interpreted fold hinge and shear zone orientation. Follow up BoT-ToB drilling is planned to test this target with fences perpendicular to the regional structure orientation. Meta Target Area Summary The Meta target is a broad gold-in-till dispersion anomaly covering a strike length of approximately 1 km in the down ice direction. The underlying geology is a complex mix of metasediments and granitoid units that are transected by a regional structural corridor which is interpreted to be the source of the anomaly. Metal associations are generally Au-As-Cu with till sample results up to 197 ppb Au. Till sampling coverage at this target location was limited due to swampy ground conditions. Follow up BoT-ToB drilling is planned to test this target with fences perpendicular to the regional structure orientation. Ladu Target Area Summary The Ladu target is a linear gold-in-till anomaly that strikes 1.2 km along a regional structural corridor perpendicular to the down ice direction. Sampling at this target area in the down ice direction was limited due to swampy ground conditions. The underlying geology is dominated by metavolcanics / metavolcaniclastic sediments along the sheared contact with a large granite intrusion. The anomaly is interpreted to be sourced from the regional shear which forms the contact between the intrusion and supracrustal units along which the gold anomaly is coincident. Within the metavolcanic / metavolcaniclastic units metal associations are generally Au-As-Cu with till sample results up to 55 ppb. The area analysed for gold at the Ladu target was limited and is planned to be expanded along the interpreted shear zone orientation. Follow up BoT-ToB drilling is planned to test this target with fences perpendicular to the regional structure orientation. Northern Target Area The main Gold Line belt structure appears to bifurcate in the northern extent of the Storjuktan project area with the main structural corridor forming a regional west-verging flexure. The underlying geology is dominated by folded and sheared metavolcanic and metavolcaniclastic units that are bounded on three sides by large granitic intrusions. The main Gold Line regional structural corridor both bisects these volcanic units and forms the boundary between the supracrustal rocks and the granite intrusions. The metavolcanic units and both the northeast and northwest trending structures were targeted in the 2024 sampling campaign. While only limited till sampling was completed in the northern target area at the end of the 2024 campaign, one new cohesive gold-in-till anomaly has been identified at the Lomvan target area. Lomvan Target Area Summary The Lomvan target is a broad gold-in-till anomaly covering an area of approximately 2 km strike length by 600 m width in the down ice direction parallel to the main structural trend orientation. The underlying geology is dominated by metavolcanic units transected by two prominent regional structural corridors that are interpreted to be the source of the gold anomaly. Within the metavolcanic units, metal associations are generally Au-As-Cu with till sample results up 193 ppb. Follow up BoT-ToB drilling is planned to test this target with fences perpendicular to the regional structure orientation. 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 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. 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 km of strike coverage along 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, CPA CEO & Director For further information contact: Marie Macdonald, Investor Relations, Phone: 604-687-8566, Email: [email protected] Follow First Nordic Metals: Twitter: @fnmetals | Youtube: @firstnordicmetalscorp | LinkedIn: @firstnordicmetals Facebook: @FirstNordicMetals | Instagram: @firstnordicmetals Qualified Person & QAQC: Benjamin Gelber, P. Geo., Exploration Head 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. All 2025 till samples noted herein were collected under the supervision of EMX Royalty Corporation employees. Samples were transported from the drilling locations where it was bagged to the EMX office facility located in Malå, northern Sweden where it was logged. Sample reference materials were inserted at regular sample intervals. Samples were measured for gold pathfinder elements at the EMX facility via x-ray fluorescence (XRF). Based on the XRF results a subset of samples is then sent to MEFFA Labs Oy in Finland, where samples are prepared by fine fraction separation in a wet sieving process and subsequently analyzed by laser ablation ICP-MS (inductively coupled plasma mass spectrometry) for gold. 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 press 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. 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 press 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 press release are free from errors and readers of this press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of the date of this press 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 press release, unless it is required by law or Nasdaq First North Growth Market Rulebook for Issuers of Shares.
Cision Canada
05-05-2025
- Business
- Cision Canada
First Nordic Provides Corporate Update
TORONTO, May 5, 2025 /CNW/ - First Nordic Metals Corp. (" FNM" or the " Company") (TSXV: FNM) (Sweden: FNMC-SDB) (OTCQB: FNMCF) (Germany: HEG0) is pleased to announce changes to its Board of Directors and management and announces an update on its Nasdaq First North Growth Market ("Nasdaq First North") listing in Sweden. Board and Management Update FNM announces that Mr. Gary Cope has resigned from the Board of Directors (the "Board") of the Company as of May 1, 2025, to complete his move into retirement. As the founder of Barsele Minerals Corp. ("Barsele Minerals"), one of FNM's predecessor companies, Gary brought a deep understanding of the mining industry and extensive senior executive experience, which were integral in shaping the Company's vision and advancing its strategic objectives. Mr. Cope commented, "I am grateful for the talented and dedicated individuals with whom I have had the privilege to serve, and I am proud of the strong and diverse Board that we have assembled at FNM. I have profound faith in the current leadership and talent at FNM and I'm excited to see what they will achieve." Toby Pierce, FNM Board Chairman, commented, "Gary was here since the very beginning and his demonstrated passion and commitment to our Company stands out. On behalf of the entire Board, I would like to express our sincere gratitude for his many years of service and wish him all the best in his retirement." FNM also announces that Mr. Ross Wilmot, the Company's CFO and a member of the founding team of Barsele Minerals, retired effective May 1, 2025. Mr. Rakesh Malhotra, previously serving as Controller at FNM, has been appointed as the Company's new CFO. Taj Singh, FNM CEO stated, "I would like to congratulate Rakesh on his move to CFO from Controller; his extensive financial experience and networks have been instrumental to FNM's launch and ramp-up over the past year. I would also like to thank Ross for his commitment over his many years of service and wish him the best on his very well-earned retirement." Mr. Malhotra has close to 30 years of varied financial experience and he has been a CFO for several TSX-listed natural resource companies. He started his career working for the audit firm A.F Ferguson & Co. (correspondent for KPMG) and later moved to the Middle East where he worked with the highly successful International Bahwan Group of Companies in various senior finance positions. From 2001 to 2005, he worked as Vice President of Finance for a private group of service companies based in Toronto, and from 2006 to 2018 he worked as Corporate Controller and Director for the Canadian subsidiary of the US multinational Diebold Nixdorf, Inc. Mr. Malhotra is a United States Certified Public Accountant (CPA) and a Canadian Public Accountant (CPA, CA). Exemptive Relief for Swedish Nasdaq Listing Granted FNM is pleased to announce that it has been granted an order of exemptive relief by the Canadian securities regulators in British Columbia, Ontario, Alberta, Saskatchewan and Manitoba, effective April 22, 2025 (the "Decision"). The Decision allows the Company to continue to be classified as a "venture issuer" under Canadian securities laws, despite the listing of its Swedish depositary receipts on the Nasdaq First North Growth Market. As a result of the Decision, and subject to ongoing compliance with its specified conditions, the Company will receive exempt relief from the requirements that apply to reporting issuers that are not classified as "venture issuers" under each of the following instruments: National Instrument 41-101 General Prospectus Requirements, National Instrument 51-102 Continuous Disclosure Obligations, National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards, National Instrument 52-109 Certification of Disclosure in Issuer's Annual and Interim Filings, National Instrument 52-110 Audit Committees and National Instrument 58-101 Disclosure of Corporate Governance Practices. The Company has provided notice to the securities regulators in the other provinces and territories of Canada of the Decision and its intention to rely on the Decision in such other jurisdictions as well. A copy of the Decision may be found on the website of the British Columbia Securities Commission at or under the Company's profile on SEDAR+. 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 project areas (Paubäcken, Storjuktan), which combined with Barsele, total approximately 100 km of strike extent 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. Additional Information The information in this release is subject to the disclosure requirements of First Nordic pursuant to the EU Market Abuse Regulations. This information was submitted for publication, through the agency of the contact person set out below, on May 5, 2025, at 6:00 p.m. Eastern Time. ON BEHALF OF THE BOARD OF DIRECTORS Taj Singh, CPA CEO & Director For further information contact: Marie Macdonald, Investor Relations, Phone: 604-687-8566, Email: [email protected] 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 release. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "potential", and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of FNM to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information in this release relates to, among other things, future offerings that may be made under the Base Shelf Prospectus and the focus of the Company's activities. These forward-looking statements are based on management's current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the Company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.
Cision Canada
30-04-2025
- Business
- Cision Canada
First Nordic Announces Positive Top-of-Bedrock Drill Results at the Nippas Target and Prepares for Diamond Drilling Program
TORONTO, April 30, 2025 /CNW/ - First Nordic Metals Corp. (" FNM" or the " Company") (TSX.V: FNM, Stockholm: FNMC SDB, OTCQB: FNMCF, Germany: HEG0) is pleased to announce base-of-till / top-of-bedrock ("BoT/ToB") drilling results and a Q2 diamond drill plan at its high-priority Nippas target ("Nippas") on the Company's 100%-owned Storjuktan project, located in Västerbotten County, northern Sweden on the Gold Line belt. Nippas is located approximately 30 km north of the Company's resource-stage Barsele project. Highlights: Highly anomalous kilometric-scale bedrock and till anomalism identified on three parallel structural trends at the Nippas target, including bedrock results of up to 2.66 ppm gold ("Au"). Targets consist of a cumulative total of 5.2 km of anomalous sub-parallel structural corridors identified for follow up diamond drilling. First pass 5,000 m diamond drilling program prepared to begin to test first two targets in Q2 2025. FNM CEO Taj Singh comments:"Our recent BoT/ToB drilling at Nippas continues to support this area as an exciting diamond drill target and we are now preparing to mobilize a diamond drill rig here within the coming weeks. Our understanding of the overall Nippas area has grown considerably with this program and now three trends of interest have emerged. Our current diamond drilling at the Aida target, which had the objective of aggressively testing the strike extent of the gold mineralized corridor there, continues to progress well and we expect to release a first batch of results shortly." Q1 2025 Nippas BoT/ToB Results A total of 66 BoT/ToB drill holes were completed in the Q1 2025 program targeting structural corridors coincident with a broad Au and pathfinder till anomaly. Drilling intercepted significant Au in bedrock, with results up to 2.66 ppm Au, and has helped to define three structurally controlled target trends for follow-up diamond drilling. For regional context, any results of 0.05 ppm (50 ppb) or higher in glacial till and 0.10 or higher in bedrock are considered highly anomalous and thus important for the discovery of gold mineralization. During BoT/ToB drilling samples of the lowest part of the till are sampled, as well as samples of the "upper bedrock" immediately below the till base, and "lower bedrock" further below (1.5-3 m below till). Nippas BoT/ToB drilling targeted portions of a broad 5 km gold and pathfinder surface till anomaly coincident with a complex anastomosing shear corridor, oriented NW-SE along the ice flow direction. Access was complex in some areas of the drilling program due to challenging terrain and an unusually mild winter resulting in approximately 25% of the planned holes not being drilled. Most of the Q1 BoT/ToB program targeted the central portion of the surface till anomaly and 1 km to the north and 1.2 km to the south of the identified target area remains untested. Results from the drilling were positive and encountered strongly anomalous gold mineralization in bedrock and glacial till, including: bedrock samples of 2.66, 0.84 and 0.22 ppm Au, and several more samples over 0.10 ppm; and till samples of 0.22 and 0.21 ppm Au, and several more over 50 ppb. Anomalous samples are coincident with surface till Au and As, Cu, Zn and Mo (arsenic, copper, zinc, molybdenum) pathfinder element signatures and magnetic geophysical trends interpreted to be sheared contacts between metasediment, metavolcanic, and granitic lithologies. Three sub-parallel trends have been identified with combined strike length of over 5.2 km (see Figure 1 in Appendix). These trends lie within a flexure in the regional structure and on several interpreted second order splay structures along the margin of a large granite intrusion. The complex geological and structural setting (prospective settings for dilation, fluid flow, and Au deposition) combined with the highly anomalous surface till and bedrock results make these trends compelling targets that the Company plans to imminently test with diamond drilling in Q2 2025. Nippas Diamond Drill Program The Company plans to complete an initial 5,000 metres ("m") of diamond drilling at the Nippas target using one diamond drill rig (in addition to the one currently operating at the Aida target). Drilling, as at the Aida target, will be operated by Finland-based Comadev Oy. A total of up to 26 diamond drill holes have been designed to test two of three identified target areas where identified structural corridors are coincident with anomalous BoT/ToB gold and surface till gold and pathfinder anomalies. The third corridor identified to date in the Nippas target area is located within an area dominated by bogs and is planned to be tested in the winter after freeze-up. Based on the success of this drilling program FNM will be in a position to complete a further ~5,000 m of diamond drilling on the Nippas target through 2025. A total exploration budget of C$1.5 million has been allocated for the Q2 2025 Nippas project diamond drilling program. Target 1 is a 2.2 km Au, As, Cu, Zn and Mo surface till anomaly coincident with strongly elevated ToB results. The anomaly is located along a geophysical trend interpreted to be the sheared contact between two lithological units. Target 1 will be initially tested with up to 3,600 m of diamond drilling in 16 drill holes over 1.4 km strike of identified structural feature. Target 2 is a parallel 2.0 km trend of anomalous surface till Au, As, Cu, Zn and Mo coincident with elevated Au bedrock (up to 0.13 ppm Au) and glacial till (up to 0.20 ppm Au) located along a geophysical trend interpreted to be the sheared boundary between metasediments and a large granite intrusion. Target 2 will be initially tested with up to 1,400 m of diamond drilling in 10 drill holes over the 1.3 km strike of the identified structural feature. The initial diamond drilling program is designed to confirm the anomalous gold in BoT/ToB results and understand size, geometry, and structural controls of mineralization within the shear corridors. Figure 1 shows the Nippas plan for the first approximately 5,000 m of drilling in 26 holes. Planning for additional meters will occur as drilling progresses and results are received. About the Nippas Target The Nippas project is located in the Storjuktan project area 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 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. (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 two additional project areas (Paubäcken, Storjuktan), which combined with the Barsele project, total ~100 km of strike coverage of 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, 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. Follow First Nordic Metals: Twitter: @fnmetals | Youtube: @firstnordicmetalscorp | LinkedIn: @firstnordicmetals Facebook: @FirstNordicMetals | Instagram: @firstnordicmetals 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 press 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. 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 press 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 press release are free from errors and readers of this press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of the date of this press 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 press release, unless it is required by law or Nasdaq First North Growth Market Rulebook for Issuers of Shares.
Ya Biladi
28-02-2025
- Entertainment
- Ya Biladi
Villa Carl Ficke transformed into Casablanca's Museum of Memory
Villa Carl Ficke, now transformed into Casablanca's Museum of Memory, was inaugurated on Thursday, creating a dedicated space for preserving and showcasing the city's history and heritage. The ceremony was attended by Minister of Youth, Culture, and Communication Mohamed Mehdi Bensaid, Wali of the Casablanca-Settat region Mohamed Mhidia, Casablanca City Council President Nabila Rmili, and National Museums Foundation (FNM) President Mehdi Qotbi. This new cultural landmark will serve as a hub for art exhibitions and cultural events, fostering discovery and exchange. Minister Bensaid highlighted the significance of the initiative, describing it as a major step toward raising awareness of Casablanca's history, cultures, and heritage among present and future generations. Mehdi Qotbi emphasized the villa's historical richness, noting that it holds a unique collective memory of the city. He also credited King Mohammed VI's vision, which has led to the establishment of several museums across Morocco, providing citizens with spaces to explore and preserve their cultural heritage. The Museum of Memory in Casablanca will feature rotating exhibitions, allowing visitors to engage with diverse artistic expressions. Beyond its indoor galleries, a landscaped esplanade displays outdoor artworks, transforming the villa into an open-air museum and a vibrant cultural oasis in the heart of Casablanca. The project is the result of a partnership between the FNM, the Ministry of Youth, Culture, and Communication, the Municipality of Casablanca, and the Mers Sultan district, with support from the Wilaya of Casablanca-Settat and the Regional Council. It underscores Casablanca's ambition to position itself as a key cultural destination. Built in the early 20th century by German merchant Carl Ficke, the villa has served various purposes over the years. Now, it embarks on a new chapter as a space for discovery and cultural exchange, open to all.
