Drill-ready, high-grade, sediment-hosted copper project

Frostmoen

Location & licenses


  • 5 fully granted exploration licences (20 km2) - subject to a 2% NSR


  • The Frostmoen project is is located 1 hour drive south of Bodø


  • Bodø is easily accessible year round with multiple flights each day from Oslo


  • The project is accessible on foot of by boat from a nearby dock


  • The project is wholly located within Municipality-owned forest land

  • Good communications and an existing working relationship established with the local community


Geology


  • Frostmoen is situated in the Beiarn Nappe Complex, part of the Uppermost Allochthon of the Scandinavian Caledonides


  • Age of rocks are thought to be approximately 630 Ma and the main phase of deformation approximately 400 ma


  • Dominated by Suarvatn Group meta sedimentary sequences and carbonate units bounded by granites to the east and marble units to the west


  • Complex structural geology with two principal phases of deformation are recognized. The earlier deformation phase is divided into F1 and F2 with the later folding termed F3


  • Much of the dolomite is thought to reside in depressions, often beneath bogs


  • Cu-Co sulphide mineralization is hosted in the dolomite and thought to be strike extensive


Work to Date


  • Licence wide mapping and soil geochemistry – identified a multi-kilometer geochemical anomaly in soil:





  • Trenching around adit and the main area of interest – identified continuous mineralization >1% Cu:





  • Adit channel sampling


  • Induced Polarization Survey


  • A total of 1,655 soil samples collected by hand auger in late 2020


  • A multi-element (Cu, Ag, Ni, Co, As, Sb) soil anomaly is present across a 6.5 km strike length of the Frostmoen project


  • Mineralization is hosted in a sanded dolomite, which are associated with topo-lows and bog areas, thus giving depressed anomalism


  • Mineralization in trenches open to the north west and south east and continues under a bog


  • Suspected element zonation with Cu rich zones and Co rich zones


  • Geological model indicates grade increasing towards base of stratigraphy (to the NW)



Next steps



H2 2022


  • Complete a 1,200 meter drill program testing IP targets and mineralization intersected in trenches. Drill program is fully permitted and commences mid-September


Q1 2023


  • Complete NI 43-101 technical report ready for a transaction

The video below shows the 6.5km soil anomaly and the high-grade copper results from trenching, depicted on the geophysical (IP) chargeability anomaly, with the planned drill holes plotted:






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