Osikonmaki (Central Finland)

The deposit at Osikonmaki is located in eastern central Finland, 40km south of Outokumpu. The model for Osikonmaki is an epigenetic intrusion related shear zone gold deposit located in the northwest trending crustal scale Ladoga-Bothnian deformation zone. Gold is concentrated in the footwall to the shear zone which dips to the south at about 45°, and plunges towards the east.

In excess of 20km of historic drilling, IP and magnetic geophyscial surveys and base of till geochemical sampling has been undertaken at the project with potential for extensions outlined. The historic NI 43-101 mineral resource was completed by Golder Associates in 2011 (see the Company’s January 15, 2018 press release and the information regarding historical NI 43-101 reports under the heading “NI 43-101 Reports in Respect of NARL Properties”). Using a 0.5 g/t cut off grade, Osikonmaki has an Indicated mineral resource of 1.296 Mt at a grade of 1.70 g/t Au (68koz) and an Inferred mineral resource of 3.542 Mt at a grade of 2.09 g/t Au (244koz).

Page last updated on: Jul 9, 2018 @ 1:10 pm