Nordic Mining is advancing the exploration activity on its Nickel, Copper and Platinum-Group Element prospects on the Øksfjord Peninsula in Finnmark and Troms, Norway.
"This fall we have carried out extensive field work in the conductive areas and we have had an expert opinion of the geophysical data. Several factors concerning the geological setting and the signature of the conductivity are pointing in a positive direction. We will continue with a more targeted exploration program in the coming months", says Exploration Manager Mona Schanche in Nordic Mining.
As informed in press release 18 August 2011, Nordic Mining has carried out airborne geophysical surveys, and conductivity anomalies indicative for sulphide mineralization were discovered in the Reinfjord area.
Assessment and interpretation of the SkyTEM geophysical survey data have been done by an independent expert geophysicist. The aim was to ensure the quality of the data, give an interpretation of the conductors and give recommendations for how to move forward. The conclusion is that the SkyTEM data are reliable and that sulphides may cause the conductive signature interpreted from the data. The principal outcome of the interpretation was the delineation of two unexposed gently dipping conductive bodies sitting close to each other and having surface extensions of 75,000 m2 and 180,000 m2. Top edges of these bodies are at depths of 50 meter and 205 meter from the surface.
Nordic Mining will within the next months carry out ground geophysical measurements over the unexposed conductors. This will give a more detailed image of the distribution and location of the conductors. The ground geophysical data will be essential to optimize the drilling which is planned spring 2012.
For questions please contact Exploration Manager Mona Schanche, telephone +47 22947790.
Oslo, 12 October 2011
Nordic Mining ASA
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.