CLGB becoming increasingly active due to recent discoveries and major mining companies entering the region.
Agnico Eagle’s Kittilä Mine is largest primary gold producer in Europe - production of 216,947 ounces of gold in 2022.
Rupert Resources’ Ikkari is one of the most exciting global gold discoveries in the 2020’s (2022 PEA indicated NPV US$1.6B & 46% IRR)
GTK extensively explored the target in early 2000s’, including: 7.7 km diamond drilling, ground magnetic, slingram, VLF-R and IP geophysical surveys, trenching, BoT and bedrock mapping.
Historical data:
Diamond drilling: 12.6 ppm @ 1.05 m and 2.3 ppm Au @ 3.30 m.
Carbonate-sulphide vein with25.6 ppm Au from channelsampling
GTK identified a 1.2 km long gold-bearingzone.
Promising geology for orogenic gold and year-round exploration possibility:
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