Arctic Minerals announced a letter of intent regarding the acquisition of a Norwegian gold project. The Katterat property contains exploration permits totaling 116km2 in the Narvik municipality. At the projects, rock chip samples returned 0.9 to 18g/t Au and visible gold has been panned from soil samples. The gold mineralization appears to be connected to a shear zone that has been traced for several kilometers, using geological fieldwork and geophysical data.
The company plans additional fieldwork, including geological mapping, sampling, and a geophysical survey for Q3 2022.
