LUOVA PROJECT

Located within the thickest, core part of the CLGB, just a few kilometers from known gold deposits (Kittilä mine) and prospects (e.g. Hanhimaa and Hakokodanmaa). 

Historical data: Base of Till (BoT) sampling campaigns by Outokumpu (up to 4910 ppm Cu) & Agnico Eagle (up to 0.38 ppm Au). Anomalous zones not drill tested.

All ingredients for orogenic gold deposit: 

1) Thick successions of Fe-tholeiites (Source Rocks for Au),  

2) Extensive shear zones (Conduit),  

3) Graphitic tuffs and Banded Iron Formations (Traps),  

4) Proven endowment of the nearby areas.  

Project is located in the northern part of CLGB, within thick metavolcanic, metasedimentary units & granitic intrusions.

Major faults, shear and thrust zones cross the project areas, providing excellent structural environment for orogenic Au deposits.

Multiple orogenic gold occurrences along the crustal scale structures.