Results from drilling in Reinfjord
Drilling of two drill holes where carried out in fall 2014 in the Reinfjord intrusion. The drilling was fully funded through the research project Platinum Probe which is coordinated by the Norwegian University of Science and Technology (NTNU) in Trondheim. The aim of the project is to explore and define the genesis of the nickel (Ni), copper (Cu) and Platinum Group Elements (PGE) deposits discovered through drilling by Nordic Mining in 2012.
Two drill holes, DH 3 and DH 4 where drilled down to 348 and 391 meters, respectively. DH 3 aimed at intersecting the Ni-Cu-PGE mineralised horizons that was discovered in 2012, while DH 4 aimed at increasing the knowledge about the evolution of the magma chamber.
Logging and sampling of the two drill holes have been carried out and chemical analysis have been completed. The chemical analysis shows elevations of copper and nickel in both drill holes, with the Cu content up to 0.11%. The values are still lower than found in 2012. The PGE content is in general low in both drill holes. This leads to the conclusion that the Cu-Ni mineralisation and the PGE reef found in 2012 were not intersected in the drill holes.
In the continuation of the project, the results will be interpreted in more detail to better understand the ore forming potential and to develop better exploration models. Fieldwork involving graduate students and staff will commence in August/September 2015.
Exploration Manager Mona Schanche comments:
“Although this drilling did not reveal as high Cu and PGE values as the first drilling phase, it can still be a sizable mineralisation present in the intrusion. DH-3 that was planned to intersect the reef-deposits intersected the country rock before reaching the depth of the known deposit. Clearly, we need to refine our exploration model. We continue to view both the Reinfjord intrusion and the Seiland Igneous Province as interesting exploration targets”.
The Platinum Probe project is funded by NorMin. NordMin is a network for education and research with the aim of strengthening sustainable mining and mineral exploration in the Nordic countries. NordMin is financed by the Nordic Council of Ministers. NTNU, Nordic Mining, the University of Århus in Denmark and Markku Iljina GeoConsulting OY in Finland are partners in the project that will run to September 2016.
For further information please contact Exploration Manager Mona Schanche, telephone +47 922 81 253.
Oslo, 17 June 2015
Nordic Mining ASA
Nordic Mining ASA (www.nordicmining.com)
Nordic Mining ASA (“Nordic Mining” or “the Company”) is a resource company with focus on high-end industrial minerals and metals in Norway and internationally. The Company’s project portfolio is of high international standard and holds a significant economic potential. The Company’s assets are in the Nordic region.
Through the subsidiary Nordic Rutile AS Nordic Mining is undertaking a large-scale project development at Engebøfjellet in Sogn and Fjordane where the Company has rights to a substantial eclogite deposit with rutile and garnet. Nordic Mining has rights for exploration and production of high-purity quartz in Kvinnherad in Hordaland and develops the project through its subsidiary Nordic Quartz AS. Nordic Mining’s associated company Keliber Oy in Finland plans to start mining of lithium bearing spodumene and production of lithium carbonate. Nordic Mining holds exploration rights on the Øksfjord Peninsula in Troms and Finnmark, where the Company has discovered a prospective area of sulphide mineralisation. Through the subsidiary Nordic Ocean Resources AS, Nordic Mining is exploring opportunities related to seabed mineral resources.
Nordic Mining is listed on Oslo Axess.