Northgold published a mineral resource estimate for its Kopsa gold and copper project in central Finland. The estimate is based on the combination of historic data and 4200m drilled by Northdgold in 2022. Combined measured and indicated + inferred resources returned 16.6 Mt @ 0.79g/t Au and 0.16% Cu for 1.03g/t AuEq, containing 424 000 oz Au and 56.8 Mlbs Cu. Notably, the estimate also contains a higher grade 1Mt zone at 1.4g/t Au and 0.17g/t Cu with an ultra low strip ratio (0.36) to provide initial high-margin cash flow for the project.
Block model for the Kopsa project (Source: www.northgoldab.com)
