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The Australian
14-07-2025
- Business
- The Australian
NNL fields 264,000oz Hirsikangas resource
Maiden Hirsikangas mineral resource estimate of 264,000 ounces Third Finnish project resource adds 34% to total ounces, now 1.23Moz All three projects underexplored with straightforward access to processing plants Special Report: Nordic Resources has fielded a mineral resource for all three of its Finnish projects, bringing the total combined gold resource to 1.23 million ounces. Similar to the Kopsa and Kiimala Finnish projects, NNL's exploration at Hirsikangas has revealed it to be a near-surface orogenic gold deposit with plenty of exploration upside. The new mineral resource, pegged at 264,000 ounces of gold, was generated from only 2.5km of a potential 10-kilometre-long strike, offering parallel underexplored geological structures which may also host gold. Nordic Resources (ASX:NNL) executive director Robert Wrixon said that while Hirsikangas had been somewhat of an unknown compared to the company's focus on the Kopsa project, it had proven highly prospective. 'Just like Kopsa and Angesneva, the gold resource at Hirsikangas essentially starts from surface and is far more substantial than previously understood by NNL, with obvious exploration upside,' Wrixon said. 'The addition of Hirsikangas brings the total gold equivalent resource inventory to 1.23Moz gold equivalent, with 66% in the measured and indicated categories. 'The company's 'gold only' resources have also increased to over 1Moz. Hirsikangas and Angesneva, with their proximity to Kopsa, add significant value to the regional development options currently under consideration.' Watch: How Nordic picked up the golden projects Middle Ostrobothnia Gold Belt projects Nordic Resources' three Finnish gold projects all sit within the Middle Ostrobothnia Gold Belt within the Raahe-Ladoga Trend. The area is associated with a geological extension to a known gold volcanogenic massive sulphide trend in Sweden that hosts more than 10 deposits. There are two processing plants in the region – the 1.4Mtpa Pyhasalmi copper-zinc-pyrite processing plant 40km to the east of Kopsa, and the formerly operating gold mine and plant at Laiva, 120km to the northwest. The Hirsikangas project is home to a 10km portion of the Himanka Volcanic Belt, host to the project's maiden mineral resource. Location of NNL's recently acquired gold projects shown over a map of Central Ostrobothnia. Pic: NNL Next exploration steps NNL has yet to drill test some 7.5km of the Himanka Belt at Hirsikangas, but has already identified two additional gold prospects at Hanni and Hanni SE. Tenement map for the Hirsikangas gold project, showing the locations of the main Hirsikangas deposit and the Hanni and Hanni SE gold occurrences. Pic: NNL The mineralisation at Hirsikangas has been consistently broad, grading up to 71.3m at 1.12 g/t gold from just 7.3m of depth but also demonstrating strong continuity at depth, with drill hits up to 80.2m at 1.71 g/t gold from 110.6m. Nordic Resources is particularly interested in a parallel structure 200m to the northeast of the main Hirsikangas deposit, which generated drill hits of up to 23.1m at 1.67 g/t gold from 35.9m. There's also some potential in a magnetic trend to the southeast at Hanni, where historical drilling by previous explorers hit intersections of 2.5m at 4.84g/t gold from 35.4m and 5.1m at 3.19 g/t gold from 90.3m. Further exploration at Hirsikangas will have to wait for now – Nordic will mobilise the drill rig to the Kopsa gold-copper project in two weeks. This article was developed in collaboration with Nordic Resources, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Herald Sun
12-05-2025
- Business
- Herald Sun
NNL verifies extensive gold at 2nd Finnish project
Nordic Resources' 'secondary' gold project is turning out to be a head-turner Kiimala Trend project intersections include 122m @ 1.52g/t gold close to surface Data review at the Angesneva prospect also discovered 5.31g/t gold over 15m Project hosts a cluster of 12 gold prospects and two non-compliant resources Company plans to update historical resources and start drilling at the flagship Kopsa project after the acquisition is complete Special Report: Nordic Resources has found up to 5.31g/t gold while reviewing historical data at the soon-to-be acquired Kiimala Trend gold project in Finland. The project is the second of three gold being acquired from Northgold AB, a Swedish-listed gold exploration company, all located together in the same region of Finland. Kiimala looks likely to become an important part of the company's regional gold strategy, lying just 45km from the Kopsa project that hosts a near-surface resource of 23.2Mt at 1.09g/t gold equivalent for 814,800oz gold equivalent. While Kopsa remains the primary project, Nordic Resources (ASX:NNL) also considers the Kiimala Trend to be extremely prospective for gold and copper. The project hosts a cluster of 12 gold prospects, of which eight have been drilled with all eight reporting some significant near-surface gold intersections and historical, non-compliant gold resources reported at the Angesneva and Vesipera prospects. The data review highlighted intersections at Angesneva of: 122.4m at 1.52g/t gold and 0.12% copper from 57.2m 79.8m at 1.85g/t Au and 0.18% Cu from 127.8m; and 73.7m at 1.73g/t Au and 0.13% Cu from 247.2m incl. 15.2m at 5.31g/t Au and 0.31% Cu from 272.1m. Intersection highlights at Vesipera include 10.4m at 4.93g/t gold from 53.5m and 12m at 2.99g/t from 88m. And the Kimala prospect returned 17.3m at 2.27g/t gold and 0.28% copper from 42.6m, and 9m at 1.46g/t Au and 0.02% Cu from 182.4m. Apart from Angesneva and Vesipera, the remaining prospects have received little to no drilling. The company's review of the Hirsikangas gold project is ongoing. Location of the three gold projects shown over a geological map of Finland. Source: NNL. Updating historical resources the next step All three of the projects being acquired are advanced and represent substantial near-term upside to NNL's strong operational platform in Finland – while the company continues its earn-in and joint venture discussions around its extensive Pulju nickel-copper sulphide project. Watch: Finnish trio to bolster the NNL portfolio The company is also working to validate the historical exploration database for another of the projects, called Hirsikangas, and potentially bring to JORC (2012) compliance. 'With regard to its recently announced gold project acquisitions, Nordic is focused on further exploration and development of the substantial Kopsa gold-copper project as the near-term priority,' executive director Robert Wrixon said. 'However, the exploration upside at the Kiimala Trend project is hard to ignore as it is an extremely strong gold project. 'We look forward to updating the market further as this validation work progresses.' The proposed transaction is subject to shareholder approval at both Nordic and Northgold's upcoming general meetings, expected to complete in early June 2025. And Nordic then intends to commence its first drill program at Kopsa as soon as possible thereafter. This article was developed in collaboration with Nordic Resources, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Nordic Resources verifies extensive gold at second soon-to-be acquired project
