First Nordic Metals Corp. (TSXV: FNM) (OTC: FNMCF) announced the commencement of the 2024 diamond drilling program at the Barsele gold project located in Västerbottens Län, Northern Sweden (“Barsele” or the “Project”). The exploration program is being operated by joint venture partner Agnico Eagle Mines Limited (“Agnico”).
Barsele Joint Venture Details
Q2 2024 Diamond Drilling Program
The spring 2024 drilling program has been initially planned for 2,100 meters (“m’) of diamond drilling, comprised of an estimated 11 holes.
The program is designed to test intrusive hosted orogenic gold and VMS (volcanogenic massive sulphide) mineral system targets identified through systematic geochemical surveys and interpretation of geophysical data.
The proposed drill plan will test a shallow conductor target generated by the Titan-24 geophysical survey southwest of the Central-Avan zone of the Barsele deposit. Follow up drilling will also be conducted on the Risberget West (southeast Skiråsen) structural trend to test continuity and extensions of previously intersected gold mineralization. Lastly, maiden drill testing of geochemical, geological, and geophysical targets will occur in the Sjöliden and Bastuträsk areas.
See Figure 1 in the Appendix of this release for a satellite view plan map of the planned program.
Q1 Work Program Overview
From January and April 2024, data analysis and field-specific exploration activities continued at several exploration sites throughout the property. Work completed included geophysical surveys, and analysis of previously collected MEFFA (multi-element fine fraction analysis) samples. The MEFFA sample interpretation utilizes automated pXRF scanning, together with laser ablation and ICP-MS, to define precious / base metal anomalous areas. This work was carried out in preparation for this year’s diamond drilling campaign.
About the Barsele Gold Project
The Barsele Project is located on the western end of the Proterozoic “Skellefte Trend”, a prolific volcanogenic massive sulphide deposits belt, that intersects with the “Gold Line” in Northern Sweden. Both polymetallic VMS deposits and intrusive hosted orogenic gold deposits are present in this region and on this property. Notable current and past producing mines in the region include Boliden, Kristineberg, Bjorkdal, Svartliden and Storliden.
The main gold-bearing system remains open in all directions. The structurally linked gold mineralized lodes occur mainly within a granodiorite host and to a lesser extent, volcanic and sedimentary rocks. Multiple parallel to sub-parallel lodes that vary in width from 10 m to 100 m, combine for a maximum known thickness (including low grade-waste islands) of 425 m. The Avan–Central–Skiråsen zones have a strike length approaching 3.6 kilometres (“km”) and that same northwest trending structural corridor contains localized bodies with gold mineralization over an additional 4.4 km.
The drill tested depth of the mineralized system approaches 1.0 km and remains open. Gold is generally associated with arsenopyrite and low base metal content and also occurs as native metal.
Barsele Planned Drill Program Map
First Nordic Metals is a Marketing Awareness Client of Capital 10X. See disclosures for additional information.
