First Nordic Metals Corp. (TSXV: FNM) (OTCQB: FNMCF) provided an exploration update on its 100%-owned Storjuktan project (“Storjuktan” or the “Project”) located on the Gold Line belt, northern Sweden, approximately 30 kilometers (“km”) north of the Company’s flagship Barsele project. At Storjuktan, the Company’s glacial till geochemical survey, which started several weeks ago, is progressing well and the Company has recently commenced a property-wide geophysical survey.
The fall will be a busy and exciting period for FNM, with key technical programs being carried out at multiple high-priority projects on the Gold Line belt (including Paubäcken and Klippen). With the adjacent, resource-stage Barsele project as our foundation, our near-term aims are to progress our advanced targets through drilling and to discover new targets on what we believe will be Europe’s next major gold camp.Taj Singh, President & CEO, First Metals Corp.
Storjuktan UAV Magnetic Geophysical Survey
FNM has commenced its unmanned aerial vehicle (UAV) magnetic geophysical survey over the entire 25,000 hectares (“ha”) of the Storjuktan Project area. Approximately 35% of the survey has been completed at the time of this news release and the survey is projected to be completed by the end of September, weather permitting. Radia Oy, an industry leader in UAV magnetic surveys, has been commissioned to conduct the 5,193 line-km survey. The survey will be flown on 50 meter (“m) spaced lines at an average height of 45 m. Following completion of the survey, the data will be systematically interpreted to map the underlying geology and structural architecture of the Storjuktan project area in detail.
The survey has two objectives: (i) mapping of the structural architecture of the northern portion of the Gold Line belt for target definition in areas where surficial geochemical anomalies have been observed, and (ii) identification of new targets within the Storjuktan project area, where no exploration activities have taken place to date.
Storjuktan Surface Till Geochemistry Survey
The Company has collected approximately 6,500 B-Horizon glacial till samples, representing approximately 30% of the total coverage area planned for 2024. Glacial till sampling will continue through the fall. The survey is designed to cover the remaining 20,000 ha of the 25,000 ha project area. A high-density sample spacing is used (15 m x 75 m sample spacing) to identify anomalous areas. All samples are screened using XRF (x-ray fluorescence) analysis for gold pathfinder elements and samples from anomalous areas will be sent for gold assay at an external laboratory.
Program Update on Other Projects
The Company’s work plans for its other 100%-owned projects remain on track; this includes:
- Klippen project: top-of-bedrock / base-of-till (BoT) drilling to start – October 2024
- Storjuktan project (Nippas target): BoT drilling – Q4 2024
- Paubäcken project (Harpsund target): BoT drilling – Q4 2024
- Paubäcken project (Aida target): BoT and diamond drilling – Q1 2025
First Nordic Metals is a market awareness client of Capital 10X. For more information, including potential conflicts of interest please see our Content Disclaimer.
