Northgold reported that its most important exploration permit of the Kiimala Trend project has gained legal force following a recent court ruling. The Haapavesi 8 permit includes multiple historic projects and prospects including the compliant Ängesneva resource with 3.85Mt @ 1.19g/t Au and the historic Vesiperä resource amounting to 0.29Mt @ 2.52g/t Au. According to the company, Ängesneva remains open at depth with historic intercepts returning 5.26g/t Au and 0.3% Cu over 15.1m from 273m. Gold was historically further intersected at numerous other prospects, e.g., 2.27g/t Au over 17.25m in shallow drilling at the Kiimala prospect.
Following the permit gaining legal force, Northgold intends to incorporate the drill-ready targets within Haapavesi 8 into ongoing exploration planning efforts.
Haapavesi 8 exploration permit with aeromagnetic background map, historic gold prospects, drill collars and Ängesneva resource outline (Source: www.northgoldab.com)
