Drilling at Engebø reaches more than 3,000 meters
More than 3,000 meters of drill cores which is about half of the planned program, have now been retrieved at Engebø.
The drill cores are studied and sampled by geologists. Samples are sent to laboratories for chemical and mineralogical testing to determine rutile grade and to assess garnet quantity and other rock characteristics.
Exploration Manager Mona Schanche comments: “We are pleased that the drilling is progressing well. The drilling will provide valuable information for the further planning of the Engebø rutile project.”
Nordic Rutile AS, a subsidiary of Nordic Mining, has the rights to the Engebø deposit and has been granted permits for the project. The drilling gives the basis for updating the mineral resource estimates and classifications, in particular for the open pit part of the deposit, as part of the upcoming pre-feasibility study. The Finnish company Oy Kati Ab is responsible for carrying out the drilling. Qualified Person, Mr. Adam Wheeler is assigned to carry out the resource estimations. The revised mineral resource data is expected to be finalised in Q3 2016.
For questions please contact Exploration Manager, Mona Schanche, telephone + 47 922 81 253.
Oslo, 9 February 2016
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 and permits to a substantial eclogite deposit with rutile and garnet. Permits for the project has been granted by the Norwegian government. 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.