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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