First Nordic Metals Reports Significant Discovery at Paubäcken Project in Northern Sweden
27.06.2024 | NewsDirect
First Nordic Metals CEO Taj Singh joined Steve Darling from Proactive to share exciting results from the company's recent belt-scale glacial till geochemical survey and drilling program at its Paubäcken project in Northern Sweden. This project is located 30 km south of the company's resource-stage Barsele project.Singh announced a significant discovery at the Brokojan target, identifying it as a large orogenic gold system with a multi-element pathfinder till anomaly. Together with the adjacent Harpsund target, these two targets now form a large, semi-continuous southeast-northwest trending anomaly extending over a 5.5 km strike. The results also indicated an extension of bedrock anomalism along the Aida structural target by approximately 1 km to 1.5 km, which has now been tested and confirmed for gold mineralization.
The company, established in March 2024, boasts a significant land package in this region. It owns a major gold belt with 100 km of striking length and a 2.4-million-ounce gold project in joint venture with Agnico. Additionally, First Nordic Metals holds a greenstone belt project in Finland, containing a maiden resource of over 300,000 ounces of high-grade gold.First Nordic Metals plans to continue advancing these targets to the drill testing stage with follow-up exploration programs scheduled for 2024 including diamond drilling.
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