Basin Energy Officially Enters Scandinavia
Basin Energy announced the completion of its Scandinavian exploration portfolio acquisition. Following the finalization of the deal, the company controls multiple projects, prospective for uranium mineralization in Sweden and Finland. The projects have been acquired via a share purchase agreement of 100% of the issued capital of Normecto AS. Overview map highlighting Basin Energy’s […]
Deep Drilling To Commence At Blötberget
Nordic Iron Ore announced plans for a deep drilling program at its Blötberget project in collaboration with the Smart Exploration Research Centre. The drilling program will consist of deep holes targeting promising seismic features that have been identified in extensive seismic surveys conducted in the area. Drilling is expected to commence in mid-January and conclude […]
Mandalay Reports Discovery Of New Vein Zone At Björkdal
Mandalay Resources reported the discovery of a new domain of gold mineralization 200m to the north of current operations at its Björkdal mine. To date, the discovery zone has been defined in 18 veins over a strike length of 400m and a height of 250m. The best intercepts to date include 178.9g/t Au over 1.15m, […]
EGT Reports Final Olserum Drill Results
European Green Transition reported the final results from its maiden drilling campaign at the Olserum REE project in southern Sweden. Returning for example 22.5m @ 0.58% TREO, including 2.45m @ 2.71% TREO (33.4% HREO), the final batch further confirmed the company’s exploration model, of multiple, locally high-grade, mineralized structures being present at the project. […]
First Nordic Metals Commences BoT Drilling At Nippas Target
First Nordic Metals announced the commencement of top of bedrock drilling at the Nippas target located 28km to the north of its Barsele gold deposit in northern Sweden. The program is designed to systematically explore a >5km long Au-As-Cu-Zn glacial till anomaly with up to 120 holes. Geochemical Anomalies and planned top of bedrock […]
Boliden Acquires Zinkgruvan and Neves-Corvo
Boliden entered into a definitive agreement with Lundin Mining to acquire the Zinkgruvan and Neves-Corvo mines for USD 1.3 billion, plus contingent cash payments of up to USD 150 million. The addition of these two mines will significantly enhance Boliden’s zinc and copper production. In 2023, Neves-Corvo produced approximately 108 kt of zinc and 34 […]
Gungnir Expands Knaften Project
Gungnir Resources reported the addition of 92 square kilometers to its Knaften-Hemberget gold line property package in Sweden (pending final approvals). The new application areas cover a sequence of folded supracrustal rocks, west and east of the company’s existing Knaften permit. The company is considering multiple alternatives to advance its projects, including fundraising, earn-ins, or […]
Additional Assay Results Confirm Olserum REE potential
European Green Transition reported the next batch of assay results from recent drilling at its Olserum REE project in southern Sweden. The newly released assay results confirm the continuation of high-grade REE mineralization 60m below outcropping mineralization in the western part of the Djupedal prospect, returning multiple mineralized zones with the best one grading 1.18% […]
Ground Magnetic Survey Completed At Gyttorp
Bastion Minerals reported results from a recently completed ground magnetic survey at its Gyttorp REE-Cu project in central Sweden. Thanks to its high resolution, the ground survey was successful in better delineating the magnetite skarn associated REE-Cu mineralization at the project and identifying new trends. Together with previous geological sampling work in the area the […]
Atalaya Mining Enters VMS Exploration In Sweden
Atalaya Mining announced that it entered into two binding agreements with Mineral Prospektering I Sverige AB concerning the exploration of two VMS projects in northern Sweden. Both projects have identical terms, allowing Atalaya to earn 75% interest in each project by funding exploration expenditures and making certain cash payments totaling 12 million USD on each […]