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)
Classic geological setting for orogenic gold deposit:
Large scale shear zone (Conduit), hydrothermal alteration (Fluid), mafic volcanic rocks & granitic intrusion contact (Trap).
Historical data: 59 rock samples range between 1.0 - 30.7 g/t Au.
Channel sampling returned 4 m @ 2.7 g/t Au (including 1 m @ 6.78 g/t Au) & 1 m @ 3.16 g/t Au.
Sampling has defined a 2.2 km long anomalous zone of Au along contact between granodiorite stock and mafic volcanic rocks. Additionally, multiple new Au anomalous areas were identified with geochemical survey.
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.
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