Pahtavaara – Regional Setting and Licence
Pahtavaara is located within the Central Lapland Greenstone Belt (CLGB), part of the Fennoscandian shield, which hosts 1700 known incidences of mineralisation in Finland, Sweden, Norway and Russia including around 80 mines. The Central Lapland Greenstone Belt has two gold mines of significance. Agnico Eagle’s 7Moz Kittila mine which produced around 200koz of gold in 2017 and Pahtavaara.
Pahtavaara lies at the eastern extreme of the Sirkka Line, a tectonic structure that traverses northern Finland, along which some 25 to 30 gold deposits are known to be in existence.
Since its discovery there has been an estimated 300,000m of drilling undertaken on the 4km2 Pahtavaara mining licence area and 450koz of gold mined. Rupert Resources have identified a number of similar targets within an expanded 124km2 land package.
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