Stockholm, 2 November 2023. Northgold AB (Nasdaq First North Growth Market: “NG”, or “Northgold” or the “Company”) announces positive copper assay results from three important step-out drill holes completed earlier this year as part of resource extension drilling at its flagship Kopsa gold and copper project in Central Finland, which improve and widen previously reported positive gold intersections (see press release dated 20 September 2023).
Highlights
- These copper assays not only improve the grades of previously reported gold intersections, but also help infill and broaden them.
- The average grade of the previously reported gold intersections in deep drill hole NGKOP23034 that spanned a combined 71.95m and doubled the depth of the main mineralized zone (see Figure 1), has now improved by 25% from 1.10 grams per tonne (“g/t”) gold (“Au”) to 1.37 g/t gold-equivalent (“AuEq”).
- The average gold grade of the previously reported main zone intersections across all three of these drill holes was 0.92 g/t Au, and is now improved by 28% to an average grade of 1.17 g/t AuEq.
- The average combined downhole width of the previously reported highlighted gold intersections within the main zone across these three drill holes was 54.55m per hole, and has now improved by a substantial 57% to 85.45m per hole.
- Highlighted copper results from 250m S-SW step-out hole NGKOP23034 (and re-stated gold results with combined gold-equivalent results) include:
- 0.35 g/t AuEq over 19.4m (0.14 g/t Au and 0.14% copper (“Cu”)) from 34.9m downhole depth (25.9m vertical depth), including:
- 0.70 g/t AuEq over 3.85m (0.27 g/t Au and 0.29% Cu) from 44.5m (33.1m),
- 0.99 g/t AuEq over 105.7m (0.78 g/t Au and 0.14% Cu) from 208.2m (154.7m), including:
- 1.41 g/t AuEq over 34.2m (1.17 g/t Au and 0.16% Cu) from 208.2m (154.7m), which includes:
- 4.77 g/t AuEq over 4.25m (4.28 g/t Au and 0.33% Cu) from 209.6m (155.8m),
- 1.34 g/t AuEq over 37.75m (1.03 g/t Au and 0.21% Cu) from 276.15m (205.2m), which includes:
- 3.17 g/t AuEq over 7.95m (2.55 g/t Au and 0.42 % Cu) from 299.65m (222.7m).
- 1.41 g/t AuEq over 34.2m (1.17 g/t Au and 0.16% Cu) from 208.2m (154.7m), which includes:
- 0.35 g/t AuEq over 19.4m (0.14 g/t Au and 0.14% copper (“Cu”)) from 34.9m downhole depth (25.9m vertical depth), including:
- Highlighted copper results from 100m S-SW step-out hole NGKOP23032 (and re-stated gold results with combined gold-equivalent results) include:
- 0.78 g/t AuEq over 100.65m (0.56 g/t Au and 0.14% Cu) from 129.25m (96.1m), including:
- 1.68 g/t AuEq over 9.75m (1.44 g/t Au and 0.16% Cu) from 156.25m (116.1m), which includes:
- 4.24 g/t AuEq over 1.3m (3.84 g/t Au and 0.27% Cu) from 159.7m (118.7m),
- 0.85 g/t AuEq over 50.55m (0.62 g/t Au and 0.16% Cu) from 179.35m (133.3m), which includes:
- 1.28 g/t AuEq over 24.65m (1.00 g/t Au and 0.19% Cu) from 183.35m (136.3m), which includes:
- 3.56 g/t AuEq over 3.75m (3.31 g/t Au and 0.17% Cu) from 193.25m (143.6m).
- 1.28 g/t AuEq over 24.65m (1.00 g/t Au and 0.19% Cu) from 183.35m (136.3m), which includes:
- 1.68 g/t AuEq over 9.75m (1.44 g/t Au and 0.16% Cu) from 156.25m (116.1m), which includes:
- 0.78 g/t AuEq over 100.65m (0.56 g/t Au and 0.14% Cu) from 129.25m (96.1m), including:
- Highlighted copper results from 75m S-SW step-out hole NGKOP23031 (and re-stated gold results with combined gold-equivalent results) include:
- 6.31 g/t AuEq over 5.25m (6.17 g/t Au and 0.10% Cu) from 57.15m (41.8m), including:
- 21.06 g/t AuEq over 0.85m (21g/t Au and 0.04% Cu) from 57.15m (41.8m),
- 3.65 g/t AuEq over 1.15m (3.61 g/t Au and 0.03% Cu) from 91.65m (67.0m),
- 1.50 g/t AuEq over 8.8m (1.19 g/t Au and 0.21% Cu) from 130.1m (95.1), including:
- 3.17 g/t AuEq over 2.4m (2.6 g/t Au and 0.38% Cu) from 135.7m (99.2m),
- 0.68 g/t AuEq over 50m (0.48 g/t Au and 0.13% Cu) from 148.6m (110.4m), including:
- 0.92 g/t AuEq over 22.6m (0.69 g/t Au and 0.15% Cu) from 176m (128.7m), which includes:
- 1.51 g/t AuEq over 6.75m (1.19 g/t Au and 0.21% Cu) from 186.45m (136.4m).
- 0.92 g/t AuEq over 22.6m (0.69 g/t Au and 0.15% Cu) from 176m (128.7m), which includes:
- 6.31 g/t AuEq over 5.25m (6.17 g/t Au and 0.10% Cu) from 57.15m (41.8m), including:
Mitch Vanderydt, CEO, comments: “These deep copper results are slightly better than what is typical for the Kopsa deposit. And when combined with the previously reported gold grades and widths that also appeared to be improving towards depth, these results should help to unlock the value of the gold-copper mineralization that lies beneath the existing deposit, as will be confirmed in the next resource update.”
Additional information on today’s reported results and completed 2023 drill program
Drill hole collar location information pertaining to these three drill holes were previously reported in press release dated 20 September 2023 along with the gold assays. As mentioned therein, these three drill holes account for 700m of the 2,300m (across 11 holes) completed as part of the 2023 drill program across Kopsa and Kiimala Trend projects. Assays are pending for the remaining eight drill holes, to be announced in the coming weeks as they are received from the assay lab and processed.
These three drill holes for which copper results are reported (NGKOP23031, NGKOP23032, and NGKOP23034) were step-out holes drilled roughly 75m, 100m, and 250m S-SW of the 2023 resource outline (see Figure 1), and were aimed at increasingly extending central portions of the main gold and copper mineralized zone to the S-SW and towards depth (see Figure 2).
Drill hole NGKOP23034 intersected main zone gold mineralization in two intervals (1.17g/t Au over 34.2m and 1.03g/t Au over 37.75m) together spanning 72m along the drill hole as previously reported, which has now improved to a merged and broadened 0.99 g/t AuEq over 105.7m (0.78 g/t Au and 0.14% Cu).
Drill hole NGKOP23032 intersected main zone mineralization in two intervals (1.44g/t Au over 9.75m and 0.62g/t Au over 50.55m) together spanning 60m along the drill hole as previously reported, which has now improved to a merged and broadened 0.78 g/t AuEq over 100.65m (0.56 g/t Au and 0.14% Cu).
Drill hole NGKOP23031 intersected main zone mineralization in two intervals (1.19g/t Au over 8.8m and 0.69g/t over 22.6m) together spanning 31m along the drill hole as previously reported, the first of which has now improved to 1.5 g/t AuEq over 8.8m (1.19g/t Au and 0.21% Cu) and the second of which has now improved to a broadened 0.68 g/t AuEq over 50m (0.48 g/t Au and 0.13% Cu).
Table 1: Gold assay results reported from Kopsa
| Drill Hole | Target Description | From (m) |
To (m) |
Interval (m) |
Gold Grade (g/t Au) |
Copper Grade (% Cu) |
Gold Equivalent Grade (g/t AuEq) |
Cu share of metal value (% increase from g/t Au to g/t AuEq) |
||
| NGKOP23031 | 75m S-SW step-out | 8.5 | 9.5 | 1 | 0.47 | 0.10% | 0.62 | 24% | ||
| 10.5 | 11.4 | 0.9 | 0.54 | 0.05% | 0.62 | 12% | ||||
| 19.7 | 20.4 | 0.7 | 0.48 | 0.03% | 0.52 | 9% | ||||
| 21.2 | 21.9 | 0.7 | 0.35 | 0.05% | 0.43 | 18% | ||||
| 21.9 | 22.65 | 0.75 | 0.28 | 0.04% | 0.34 | 18% | ||||
| 24.2 | 25.2 | 1 | 0.57 | 0.06% | 0.65 | 13% | ||||
| 40.9 | 41.9 | 1 | 0.38 | 0.02% | 0.41 | 8% | ||||
| 46 | 47 | 1 | 0.26 | 0.04% | 0.32 | 18% | ||||
| 47.85 | 48.35 | 0.5 | 0.30 | 0.08% | 0.42 | 28% | ||||
| 49.5 | 50.5 | 1 | 0.22 | 0.12% | 0.40 | 44% | ||||
| 53.6 | 54.3 | 0.7 | 0.22 | 0.05% | 0.30 | 26% | ||||
| 57.15 | 62.4 | 5.25 | 6.17 | 0.10% | 6.31 | 2% | ||||
| including | 57.15 | 58 | 0.85 | 21.00 | 0.04% | 21.06 | 0.3% | |||
| which includes | 58 | 59 | 1 | 0.44 | 0.07% | 0.55 | 20% | |||
| and includes | 61.4 | 62.4 | 1 | 13.95 | 0.13% | 14.15 | 1% | |||
| 63.4 | 64.2 | 0.8 | 0.20 | 0.06% | 0.29 | 31% | ||||
| 68.5 | 69.35 | 0.85 | 0.13 | 0.12% | 0.30 | 57% | ||||
| 91.65 | 92.8 | 1.15 | 3.61 | 0.03% | 3.65 | 1% | ||||
| including | 91.65 | 92.3 | 0.65 | 3.49 | 0.02% | 3.52 | 1% | |||
| and including | 92.3 | 92.8 | 0.5 | 3.76 | 0.04% | 3.82 | 1% | |||
| 108 | 109 | 1 | 0.20 | 0.11% | 0.36 | 46% | ||||
| 116 | 116.75 | 0.75 | 0.30 | 0.04% | 0.37 | 18% | ||||
| 125.2 | 126.2 | 1 | 0.28 | 0.14% | 0.49 | 41% | ||||
| 127.7 | 128.6 | 0.9 | 0.14 | 0.19% | 0.42 | 67% | ||||
| 129.25 | 130.1 | 0.85 | 0.11 | 0.19% | 0.39 | 71% | ||||
| 130.1 | 138.9 | 8.8 | 1.19 | 0.21% | 1.50 | 21% | ||||
| including | 130.1 | 131.1 | 1 | 1.59 | 0.25% | 1.96 | 19% | |||
| and including | 131.85 | 132.6 | 0.75 | 0.22 | 0.10% | 0.37 | 39% | |||
| and including | 132.6 | 133.1 | 0.5 | 1.52 | 0.13% | 1.71 | 11% | |||
| and including | 133.1 | 133.6 | 0.5 | 0.90 | 0.04% | 0.96 | 7% | |||
| and including | 135.15 | 135.7 | 0.55 | 0.62 | 0.39% | 1.20 | 48% | |||
| 135.7 | 138.1 | 2.4 | 2.60 | 0.38% | 3.17 | 18% | ||||
| 135.7 | 136.5 | 0.8 | 3.31 | 0.64% | 4.26 | 22% | ||||
| 136.5 | 137.1 | 0.6 | 1.47 | 0.29% | 1.90 | 23% | ||||
| 137.1 | 138.1 | 1 | 2.71 | 0.23% | 3.06 | 11% | ||||
| 138.1 | 138.9 | 0.8 | 0.82 | 0.20% | 1.11 | 26% | ||||
| 143.5 | 144 | 0.5 | 0.98 | 0.06% | 1.07 | 8% | ||||
| 148.6 | 198.6 | 50 | 0.48 | 0.13% | 0.68 | 30% | ||||
| including | 148.6 | 149.6 | 1 | 0.55 | 0.13% | 0.74 | 26% | |||
| and including | 149.6 | 150.2 | 0.6 | 1.58 | 0.22% | 1.90 | 17% | |||
| and including | 150.2 | 150.9 | 0.7 | 0.20 | 0.18% | 0.47 | 57% | |||
| and including | 151.6 | 152.3 | 0.7 | 0.06 | 0.17% | 0.32 | 80% | |||
| and including | 152.3 | 153.3 | 1 | 0.38 | 0.24% | 0.73 | 48% | |||
| and including | 155.3 | 156.3 | 1 | 0.24 | 0.06% | 0.33 | 28% | |||
| and including | 156.3 | 157.1 | 0.8 | 0.32 | 0.05% | 0.40 | 20% | |||
| and including | 158.1 | 159.1 | 1 | 0.29 | 0.10% | 0.44 | 34% | |||
| and including | 160.1 | 161.1 | 1 | 0.37 | 0.10% | 0.51 | 29% | |||
| and including | 161.1 | 162 | 0.9 | 0.67 | 0.07% | 0.78 | 14% | |||
| and including | 165.7 | 166.6 | 0.9 | 0.56 | 0.30% | 1.00 | 45% | |||
| and including | 166.6 | 167.4 | 0.8 | 0.85 | 0.23% | 1.19 | 29% | |||
| and including | 167.4 | 168.2 | 0.8 | 0.15 | 0.18% | 0.42 | 65% | |||
| and including | 168.2 | 169 | 0.8 | 0.42 | 0.35% | 0.95 | 55% | |||
| and including | 169 | 169.8 | 0.8 | 0.83 | 0.26% | 1.21 | 32% | |||
| and including | 169.8 | 170.6 | 0.8 | 0.43 | 0.11% | 0.60 | 28% | |||
| and including | 172 | 173 | 1 | 0.28 | 0.13% | 0.47 | 40% | |||
| and including | 173 | 174 | 1 | 0.34 | 0.10% | 0.49 | 31% | |||
| and including | 176 | 198.6 | 22.6 | 0.69 | 0.15% | 0.92 | 25% | |||
| which includes | 176 | 176.9 | 0.9 | 0.45 | 0.07% | 0.55 | 19% | |||
| and includes | 176.9 | 177.7 | 0.8 | 0.48 | 0.04% | 0.53 | 10% | |||
| and includes | 177.7 | 178.4 | 0.7 | 0.41 | 0.14% | 0.62 | 33% | |||
| and includes | 178.4 | 179.4 | 1 | 0.33 | 0.11% | 0.49 | 33% | |||
| and includes | 179.4 | 180.4 | 1 | 1.06 | 0.13% | 1.26 | 16% | |||
| and includes | 180.4 | 181.2 | 0.8 | 0.72 | 0.13% | 0.91 | 21% | |||
| and includes | 181.2 | 182 | 0.8 | 1.36 | 0.20% | 1.65 | 18% | |||
| and includes | 182 | 183 | 1 | 0.27 | 0.18% | 0.54 | 49% | |||
| and includes | 183 | 184 | 1 | 0.32 | 0.35% | 0.84 | 62% | |||
| and includes | 184 | 185 | 1 | 0.36 | 0.23% | 0.70 | 48% | |||
| and includes | 185 | 185.6 | 0.6 | 0.36 | 0.19% | 0.63 | 44% | |||
| and includes | 185.6 | 186.45 | 0.85 | 0.34 | 0.09% | 0.48 | 29% | |||
| and includes | 186.45 | 193.2 | 6.75 | 1.19 | 0.21% | 1.51 | 21% | |||
| which includes | 186.45 | 187.3 | 0.85 | 0.78 | 0.18% | 1.05 | 26% | |||
| and includes | 187.3 | 188.3 | 1 | 0.48 | 0.26% | 0.86 | 44% | |||
| and includes | 188.3 | 189.2 | 0.9 | 3.73 | 0.30% | 4.18 | 11% | |||
| and includes | 189.2 | 189.9 | 0.7 | 2.34 | 0.26% | 2.73 | 14% | |||
| and includes | 189.9 | 190.8 | 0.9 | 0.52 | 0.30% | 0.97 | 46% | |||
| and includes | 190.8 | 191.7 | 0.9 | 0.29 | 0.11% | 0.45 | 35% | |||
| and includes | 191.7 | 192.5 | 0.8 | 0.64 | 0.11% | 0.81 | 21% | |||
| and includes | 192.5 | 193.2 | 0.7 | 0.91 | 0.17% | 1.17 | 22% | |||
| and includes | 193.2 | 194 | 0.8 | 0.41 | 0.04% | 0.47 | 14% | |||
| and includes | 196.9 | 197.5 | 0.6 | 0.53 | 0.17% | 0.79 | 32% | |||
| and includes | 197.5 | 198.15 | 0.65 | 0.82 | 0.15% | 1.05 | 21% | |||
| and includes | 198.15 | 198.6 | 0.45 | 1.74 | 0.20% | 2.04 | 15% | |||
| 202.85 | 203.85 | 1 | 0.14 | 0.11% | 0.30 | 53% | ||||
| NGKOP23032 | 100m S-SW step-out | 6.9 | 7.8 | 0.9 | 0.27 | 0.15% | 0.49 | 45% | ||
| 8.8 | 9.4 | 0.6 | 2.69 | 0.13% | 2.89 | 7% | ||||
| 15.6 | 16.6 | 1 | 0.66 | 0.11% | 0.82 | 20% | ||||
| 17.1 | 17.75 | 0.65 | 0.66 | 0.09% | 0.79 | 17% | ||||
| 23.2 | 23.6 | 0.4 | 1.13 | 0.16% | 1.37 | 18% | ||||
| 26.8 | 27.35 | 0.55 | 0.62 | 0.03% | 0.67 | 8% | ||||
| 29.8 | 30.5 | 0.7 | 0.10 | 0.20% | 0.39 | 75% | ||||
| 36.75 | 37.75 | 1 | 0.38 | 0.04% | 0.44 | 14% | ||||
| 39.15 | 40.15 | 1 | 0.19 | 0.25% | 0.57 | 66% | ||||
| 48.95 | 49.35 | 0.4 | 0.22 | 0.10% | 0.37 | 40% | ||||
| 61.35 | 62.05 | 0.7 | 0.64 | 0.02% | 0.68 | 5% | ||||
| 88.55 | 89.3 | 0.75 | 0.94 | 0.08% | 1.07 | 12% | ||||
| 89.3 | 90 | 0.7 | 1.27 | 0.04% | 1.33 | 5% | ||||
| 91.9 | 92.8 | 0.9 | 0.26 | 0.23% | 0.61 | 56% | ||||
| 92.8 | 93.35 | 0.55 | 0.14 | 0.10% | 0.30 | 52% | ||||
| 95 | 96 | 1 | 0.05 | 0.20% | 0.34 | 86% | ||||
| 100 | 100.5 | 0.5 | 0.23 | 0.20% | 0.52 | 56% | ||||
| 117.75 | 118.65 | 0.9 | 0.39 | 0.31% | 0.85 | 54% | ||||
| 118.65 | 119.25 | 0.6 | 1.74 | 0.50% | 2.48 | 30% | ||||
| 125.5 | 125.9 | 0.4 | 0.20 | 0.08% | 0.32 | 39% | ||||
| 129.25 | 229.9 | 100.65 | 0.56 | 0.14% | 0.78 | 28% | ||||
| including | 129.25 | 129.9 | 0.65 | 0.63 | 0.28% | 1.04 | 40% | |||
| and including | 129.9 | 130.9 | 1 | 0.24 | 0.17% | 0.48 | 51% | |||
| and including | 130.9 | 131.9 | 1 | 0.86 | 0.11% | 1.02 | 16% | |||
| and including | 131.9 | 132.9 | 1 | 0.37 | 0.05% | 0.45 | 17% | |||
| and including | 132.9 | 133.8 | 0.9 | 0.15 | 0.12% | 0.33 | 55% | |||
| and including | 133.8 | 134.4 | 0.6 | 0.70 | 0.25% | 1.07 | 35% | |||
| and including | 137.25 | 138.25 | 1 | 0.27 | 0.53% | 1.05 | 74% | |||
| and including | 138.25 | 139.1 | 0.85 | 0.14 | 0.37% | 0.69 | 80% | |||
| and including | 139.1 | 140 | 0.9 | 0.35 | 0.19% | 0.63 | 45% | |||
| and including | 140 | 141 | 1 | 0.20 | 0.32% | 0.67 | 71% | |||
| and including | 141 | 141.55 | 0.55 | 0.42 | 0.24% | 0.78 | 46% | |||
| and including | 141.55 | 142.35 | 0.8 | 0.38 | 0.10% | 0.52 | 27% | |||
| and including | 142.35 | 143.1 | 0.75 | 0.49 | 0.10% | 0.65 | 24% | |||
| and including | 145.1 | 146 | 0.9 | 0.24 | 0.10% | 0.39 | 37% | |||
| and including | 146 | 147 | 1 | 0.65 | 0.08% | 0.76 | 15% | |||
| and including | 148 | 148.9 | 0.9 | 0.51 | 0.23% | 0.84 | 40% | |||
| and including | 148.9 | 149.9 | 1 | 0.24 | 0.37% | 0.78 | 70% | |||
| and including | 149.9 | 150.6 | 0.7 | 6.47 | 0.17% | 6.72 | 4% | |||
| and including | 151.95 | 152.6 | 0.65 | 0.08 | 0.16% | 0.32 | 74% | |||
| and including | 154.05 | 154.5 | 0.45 | 0.16 | 0.20% | 0.46 | 65% | |||
| and including | 156.25 | 166 | 9.75 | 1.44 | 0.16% | 1.68 | 15% | |||
| which includes | 156.25 | 157.25 | 1 | 0.91 | 0.28% | 1.32 | 31% | |||
| and includes | 157.25 | 157.95 | 0.7 | 0.10 | 0.21% | 0.41 | 76% | |||
| and includes | 157.95 | 158.95 | 1 | 1.06 | 0.27% | 1.46 | 28% | |||
| and includes | 159.7 | 161 | 1.3 | 3.84 | 0.27% | 4.24 | 9% | |||
| which includes | 159.7 | 160.3 | 0.6 | 2.89 | 0.35% | 3.40 | 15% | |||
| and includes | 160.3 | 161 | 0.7 | 4.65 | 0.21% | 4.96 | 6% | |||
| and includes | 161.9 | 162.9 | 1 | 0.88 | 0.14% | 1.08 | 19% | |||
| and includes | 162.9 | 163.4 | 0.5 | 1.80 | 0.09% | 1.94 | 7% | |||
| and includes | 163.4 | 164.4 | 1 | 3.49 | 0.15% | 3.71 | 6% | |||
| and includes | 164.4 | 165.2 | 0.8 | 0.17 | 0.12% | 0.35 | 51% | |||
| and includes | 165.2 | 166 | 0.8 | 1.61 | 0.03% | 1.65 | 3% | |||
| and includes | 179.35 | 229.9 | 50.55 | 0.62 | 0.16% | 0.85 | 28% | |||
| which includes | 179.35 | 179.9 | 0.55 | 1.01 | 0.14% | 1.22 | 17% | |||
| and includes | 179.9 | 180.9 | 1 | 0.12 | 0.20% | 0.41 | 72% | |||
| and includes | 180.9 | 181.9 | 1 | 0.34 | 0.16% | 0.57 | 41% | |||
| and includes | 181.9 | 182.8 | 0.9 | 0.26 | 0.10% | 0.40 | 35% | |||
| and includes | 183.35 | 208 | 24.65 | 1.00 | 0.19% | 1.28 | 22% | |||
| which includes | 183.35 | 184.25 | 0.9 | 1.25 | 0.32% | 1.73 | 28% | |||
| and includes | 184.25 | 184.95 | 0.7 | 0.89 | 0.39% | 1.47 | 39% | |||
| and includes | 184.95 | 185.95 | 1 | 1.22 | 0.66% | 2.20 | 44% | |||
| and includes | 185.95 | 186.95 | 1 | 1.48 | 0.33% | 1.96 | 25% | |||
| and includes | 186.95 | 187.85 | 0.9 | 0.57 | 0.10% | 0.72 | 21% | |||
| and includes | 187.85 | 188.85 | 1 | 0.40 | 0.34% | 0.91 | 56% | |||
| and includes | 188.85 | 189.8 | 0.95 | 0.19 | 0.13% | 0.38 | 50% | |||
| and includes | 189.8 | 190.6 | 0.8 | 0.28 | 0.04% | 0.34 | 18% | |||
| and includes | 190.6 | 191.25 | 0.65 | 1.13 | 0.26% | 1.50 | 25% | |||
| and includes | 193.25 | 197 | 3.75 | 3.31 | 0.17% | 3.56 | 7% | |||
| which includes | 193.25 | 194.25 | 1 | 1.17 | 0.14% | 1.37 | 15% | |||
| and includes | 194.25 | 195 | 0.75 | 2.65 | 0.12% | 2.84 | 7% | |||
| and includes | 195 | 196 | 1 | 8.03 | 0.16% | 8.26 | 3% | |||
| and includes | 196 | 197 | 1 | 1.24 | 0.24% | 1.60 | 23% | |||
| and includes | 197 | 198 | 1 | 0.10 | 0.18% | 0.37 | 74% | |||
| and includes | 198 | 199 | 1 | 0.46 | 0.16% | 0.69 | 34% | |||
| and includes | 199 | 199.4 | 0.4 | 0.73 | 0.28% | 1.14 | 36% | |||
| and includes | 199.4 | 200.4 | 1 | 0.50 | 0.13% | 0.70 | 28% | |||
| and includes | 200.4 | 201.3 | 0.9 | 1.59 | 0.27% | 1.98 | 20% | |||
| and includes | 201.3 | 202.3 | 1 | 0.52 | 0.08% | 0.64 | 18% | |||
| and includes | 204.3 | 205.3 | 1 | 0.16 | 0.28% | 0.59 | 72% | |||
| and includes | 205.3 | 205.8 | 0.5 | 0.65 | 0.15% | 0.87 | 25% | |||
| and includes | 206.6 | 207.3 | 0.7 | 0.37 | 0.11% | 0.53 | 30% | |||
| and includes | 207.3 | 208 | 0.7 | 1.68 | 0.18% | 1.94 | 14% | |||
| and includes | 208.95 | 209.95 | 1 | 0.27 | 0.10% | 0.42 | 35% | |||
| and includes | 210.95 | 211.55 | 0.6 | 0.12 | 0.29% | 0.55 | 79% | |||
| and includes | 211.55 | 212.55 | 1 | 0.28 | 0.47% | 0.98 | 71% | |||
| and includes | 212.55 | 213.55 | 1 | 0.48 | 0.38% | 1.04 | 54% | |||
| and includes | 213.55 | 214.55 | 1 | 0.27 | 0.37% | 0.82 | 66% | |||
| and includes | 214.55 | 215.05 | 0.5 | 0.17 | 0.23% | 0.52 | 67% | |||
| and includes | 215.05 | 216.05 | 1 | 0.58 | 0.14% | 0.79 | 27% | |||
| and includes | 216.05 | 217.05 | 1 | 0.16 | 0.11% | 0.32 | 50% | |||
| and includes | 217.05 | 218.05 | 1 | 0.20 | 0.18% | 0.46 | 58% | |||
| and includes | 218.05 | 219 | 0.95 | 0.10 | 0.16% | 0.34 | 71% | |||
| and includes | 219 | 220 | 1 | 0.35 | 0.11% | 0.52 | 32% | |||
| and includes | 220 | 220.75 | 0.75 | 0.68 | 0.17% | 0.92 | 27% | |||
| and includes | 223.45 | 224.1 | 0.65 | 0.67 | 0.03% | 0.72 | 7% | |||
| and includes | 225 | 226 | 1 | 0.34 | 0.03% | 0.39 | 12% | |||
| and includes | 229.5 | 229.9 | 0.4 | 1.66 | 0.16% | 1.89 | 12% | |||
| NGKOP23034 | 250m S-SW step-out | 13.3 | 14.3 | 1 | 0.35 | 0.03% | 0.40 | 13% | ||
| 14.3 | 15 | 0.7 | 0.46 | 0.04% | 0.53 | 12% | ||||
| 18 | 18.8 | 0.8 | 0.33 | 0.23% | 0.67 | 51% | ||||
| 18.8 | 19.7 | 0.9 | 0.38 | 0.04% | 0.43 | 12% | ||||
| 22.2 | 22.9 | 0.7 | 0.40 | 0.06% | 0.48 | 17% | ||||
| 28.6 | 29.35 | 0.75 | 0.03 | 0.31% | 0.49 | 94% | ||||
| 34.9 | 54.3 | 19.4 | 0.14 | 0.14% | 0.35 | 60% | ||||
| including | 34.9 | 35.9 | 1 | 0.22 | 0.12% | 0.39 | 44% | |||
| and including | 38.9 | 39.6 | 0.7 | 0.29 | 0.15% | 0.52 | 43% | |||
| and including | 39.6 | 40.6 | 1 | 0.23 | 0.17% | 0.48 | 52% | |||
| and including | 42.6 | 43.6 | 1 | 0.02 | 0.30% | 0.47 | 96% | |||
| and including | 43.6 | 44.5 | 0.9 | 0.21 | 0.12% | 0.39 | 45% | |||
| and including | 44.5 | 48.35 | 3.85 | 0.27 | 0.29% | 0.70 | 62% | |||
| which includes | 44.5 | 44.9 | 0.4 | 0.42 | 0.70% | 1.46 | 71% | |||
| and includes | 45.9 | 46.9 | 1 | 0.22 | 0.23% | 0.56 | 60% | |||
| and includes | 47.6 | 48.35 | 0.75 | 0.83 | 0.68% | 1.84 | 55% | |||
| and includes | 50.2 | 50.8 | 0.6 | 0.13 | 0.17% | 0.38 | 65% | |||
| and includes | 53.3 | 54.3 | 1 | 0.18 | 0.36% | 0.71 | 75% | |||
| 92.6 | 93.6 | 1 | 0.30 | 0.07% | 0.40 | 25% | ||||
| 101 | 101.8 | 0.8 | 0.11 | 0.14% | 0.32 | 65% | ||||
| 104.6 | 105.6 | 1 | 0.92 | 0.03% | 0.97 | 5% | ||||
| 122.05 | 123.05 | 1 | 0.63 | 0.06% | 0.71 | 12% | ||||
| 134.6 | 135 | 0.4 | 1.08 | 0.28% | 1.49 | 28% | ||||
| 135.6 | 136.3 | 0.7 | 0.85 | 0.11% | 1.01 | 16% | ||||
| 163.5 | 164.5 | 1 | 1.95 | 0.05% | 2.02 | 3% | ||||
| 182 | 182.7 | 0.7 | 0.32 | 0.03% | 0.37 | 11% | ||||
| 195.7 | 196.4 | 0.7 | 0.34 | 0.03% | 0.38 | 11% | ||||
| 208.2 | 313.9 | 105.7 | 0.78 | 0.14% | 0.99 | 21% | ||||
| including | 208.2 | 242.4 | 34.2 | 1.17 | 0.16% | 1.41 | 17% | |||
| which includes | 208.2 | 209.1 | 0.9 | 1.02 | 0.07% | 1.12 | 9% | |||
| and includes | 209.1 | 209.6 | 0.5 | 0.74 | 0.10% | 0.89 | 17% | |||
| and includes | 209.6 | 213.85 | 4.25 | 4.28 | 0.33% | 4.77 | 10% | |||
| which includes | 209.6 | 210.2 | 0.6 | 1.81 | 0.09% | 1.95 | 7% | |||
| and includes | 210.9 | 211.85 | 0.95 | 5.18 | 0.40% | 5.78 | 10% | |||
| and includes | 211.85 | 212.85 | 1 | 8.19 | 0.28% | 8.61 | 5% | |||
| and includes | 212.85 | 213.85 | 1 | 3.98 | 0.66% | 4.97 | 20% | |||
| and includes | 213.85 | 214.6 | 0.75 | 0.40 | 0.27% | 0.81 | 50% | |||
| and includes | 217 | 217.9 | 0.9 | 1.49 | 0.12% | 1.66 | 10% | |||
| and includes | 217.9 | 218.8 | 0.9 | 0.69 | 0.13% | 0.88 | 22% | |||
| and includes | 218.8 | 219.7 | 0.9 | 0.44 | 0.15% | 0.67 | 34% | |||
| and includes | 219.7 | 220.7 | 1 | 1.63 | 0.27% | 2.03 | 20% | |||
| and includes | 220.7 | 221.5 | 0.8 | 5.67 | 0.38% | 6.24 | 9% | |||
| and includes | 221.5 | 222.3 | 0.8 | 0.94 | 0.34% | 1.44 | 35% | |||
| and includes | 222.3 | 223.1 | 0.8 | 0.26 | 0.24% | 0.61 | 57% | |||
| and includes | 223.7 | 224.7 | 1 | 1.33 | 0.14% | 1.53 | 14% | |||
| and includes | 224.7 | 225.4 | 0.7 | 0.08 | 0.16% | 0.32 | 76% | |||
| and includes | 225.4 | 226.25 | 0.85 | 1.19 | 0.17% | 1.45 | 18% | |||
| and includes | 226.25 | 227.2 | 0.95 | 0.16 | 0.46% | 0.85 | 81% | |||
| and includes | 227.2 | 228.2 | 1 | 0.28 | 0.15% | 0.50 | 44% | |||
| and includes | 228.2 | 229.2 | 1 | 4.04 | 0.38% | 4.60 | 12% | |||
| and includes | 231.7 | 232.7 | 1 | 1.37 | 0.24% | 1.73 | 21% | |||
| and includes | 234.2 | 235.1 | 0.9 | 0.21 | 0.08% | 0.33 | 37% | |||
| and includes | 235.1 | 235.95 | 0.85 | 0.29 | 0.30% | 0.74 | 61% | |||
| and includes | 235.95 | 236.6 | 0.65 | 0.85 | 0.13% | 1.04 | 18% | |||
| and includes | 241.8 | 242.4 | 0.6 | 1.82 | 0.19% | 2.09 | 13% | |||
| and includes | 253.5 | 254.2 | 0.7 | 0.45 | 0.04% | 0.51 | 12% | |||
| and includes | 254.2 | 255 | 0.8 | 0.28 | 0.04% | 0.33 | 16% | |||
| and includes | 255 | 255.9 | 0.9 | 0.51 | 0.04% | 0.57 | 11% | |||
| and includes | 255.9 | 256.8 | 0.9 | 0.28 | 0.02% | 0.31 | 8% | |||
| and includes | 259.8 | 260.5 | 0.7 | 0.46 | 0.21% | 0.78 | 41% | |||
| and includes | 261.3 | 262.1 | 0.8 | 0.68 | 0.28% | 1.10 | 38% | |||
| and includes | 272 | 272.75 | 0.75 | 0.65 | 0.07% | 0.76 | 15% | |||
| and includes | 273.75 | 274.45 | 0.7 | 0.25 | 0.07% | 0.35 | 29% | |||
| and includes | 276.15 | 313.9 | 37.75 | 1.03 | 0.21% | 1.34 | 23% | |||
| which includes | 276.15 | 276.7 | 0.55 | 0.72 | 0.04% | 0.78 | 8% | |||
| and includes | 277.45 | 278.45 | 1 | 0.39 | 0.07% | 0.50 | 22% | |||
| and includes | 278.45 | 279.45 | 1 | 3.38 | 0.16% | 3.61 | 6% | |||
| and includes | 279.45 | 280.45 | 1 | 1.65 | 0.27% | 2.05 | 20% | |||
| and includes | 280.45 | 281.2 | 0.75 | 0.17 | 0.29% | 0.60 | 71% | |||
| and includes | 281.2 | 281.75 | 0.55 | 0.44 | 0.18% | 0.70 | 37% | |||
| and includes | 281.75 | 282.45 | 0.7 | 0.39 | 0.27% | 0.79 | 51% | |||
| and includes | 283 | 283.9 | 0.9 | 0.10 | 0.14% | 0.30 | 67% | |||
| and includes | 283.9 | 284.5 | 0.6 | 0.30 | 0.20% | 0.61 | 50% | |||
| and includes | 284.5 | 285.5 | 1 | 0.95 | 0.23% | 1.29 | 26% | |||
| and includes | 285.5 | 286.35 | 0.85 | 0.09 | 0.14% | 0.30 | 70% | |||
| and includes | 286.35 | 287.3 | 0.95 | 0.39 | 0.26% | 0.77 | 50% | |||
| and includes | 289 | 289.6 | 0.6 | 1.12 | 0.18% | 1.39 | 20% | |||
| and includes | 289.6 | 290.55 | 0.95 | 0.17 | 0.11% | 0.33 | 48% | |||
| and includes | 290.55 | 291.25 | 0.7 | 0.26 | 0.09% | 0.40 | 34% | |||
| and includes | 291.25 | 291.95 | 0.7 | 0.88 | 0.14% | 1.08 | 19% | |||
| and includes | 292.7 | 293.7 | 1 | 0.40 | 0.17% | 0.65 | 39% | |||
| and includes | 293.7 | 294.5 | 0.8 | 0.69 | 0.11% | 0.85 | 19% | |||
| and includes | 294.5 | 295.5 | 1 | 1.13 | 0.22% | 1.46 | 22% | |||
| and includes | 295.5 | 296.2 | 0.7 | 3.04 | 0.49% | 3.76 | 19% | |||
| and includes | 296.2 | 297.1 | 0.9 | 0.22 | 0.26% | 0.60 | 64% | |||
| and includes | 297.1 | 298.1 | 1 | 0.85 | 0.22% | 1.18 | 28% | |||
| and includes | 298.1 | 298.9 | 0.8 | 0.17 | 0.17% | 0.42 | 59% | |||
| and includes | 298.9 | 299.65 | 0.75 | 0.76 | 0.30% | 1.21 | 37% | |||
| and includes | 299.65 | 307.6 | 7.95 | 2.55 | 0.42% | 3.17 | 20% | |||
| which includes | 299.65 | 300.3 | 0.65 | 2.13 | 0.29% | 2.57 | 17% | |||
| and includes | 300.3 | 300.8 | 0.5 | 3.68 | 0.60% | 4.57 | 19% | |||
| and includes | 300.8 | 301.6 | 0.8 | 2.11 | 0.79% | 3.29 | 36% | |||
| and includes | 301.6 | 302.4 | 0.8 | 2.04 | 0.54% | 2.85 | 28% | |||
| and includes | 302.4 | 303.25 | 0.85 | 1.17 | 0.55% | 1.99 | 41% | |||
| and includes | 303.25 | 304.25 | 1 | 5.05 | 0.38% | 5.61 | 10% | |||
| and includes | 304.25 | 304.9 | 0.65 | 0.47 | 0.30% | 0.91 | 48% | |||
| and includes | 304.9 | 305.6 | 0.7 | 0.45 | 0.18% | 0.72 | 37% | |||
| and includes | 305.6 | 306.6 | 1 | 3.64 | 0.31% | 4.10 | 11% | |||
| and includes | 306.6 | 307.6 | 1 | 3.40 | 0.28% | 3.82 | 11% | |||
| and includes | 307.6 | 308.2 | 0.6 | 0.14 | 0.23% | 0.48 | 70% | |||
| and includes | 308.2 | 308.85 | 0.65 | 1.77 | 0.14% | 1.98 | 11% | |||
| and includes | 309.8 | 310.5 | 0.7 | 0.43 | 0.14% | 0.64 | 34% | |||
| and includes | 312.9 | 313.9 | 1 | 0.52 | 0.05% | 0.60 | 13% | |||
| 315.8 | 316.7 | 0.9 | 0.23 | 0.09% | 0.37 | 36% | ||||
| 316.7 | 317.7 | 1 | 0.16 | 0.13% | 0.35 | 55% | ||||
| 317.7 | 318.7 | 1 | 0.33 | 0.09% | 0.46 | 28% | ||||
| 321.4 | 322.4 | 1 | 0.35 | 0.09% | 0.48 | 27% | ||||
| 323 | 324 | 1 | 0.30 | 0.13% | 0.49 | 40% | ||||
| 329.4 | 330.4 | 1 | 0.57 | 0.01% | 0.59 | 2% | ||||
| 345.7 | 346.3 | 0.6 | 0.27 | 0.04% | 0.33 | 19% | ||||
| 361.85 | 362.4 | 0.55 | 4.23 | 0.05% | 4.31 | 2% | ||||
| 366.9 | 367.9 | 1 | 0.98 | 0.18% | 1.24 | 21% | ||||
Notes:
- A lower gold cutoff grade of 0.30 g/t AuEq was applied.
- Bold intervals are highlighted in the text of the release.
- Unless specified, true widths cannot be accurately determined from the information available.
- Gold grades were previously reported (see press release dated 20 September 2023).
- Relative gold and copper prices of $1,500/oz Au and $3.25/lb were assumed, resulting in gold-equivalent grades calculated herein as: AuEq (g/t) = Au (g/t) + Cu (%) * 1.49.
Figure 1: Kopsa 2023 resource outline and drill hole locations.
Figure 2: Cross section (60m wide) looking W-NW showing reported copper assay results (and restated gold results with combined gold-equivalent results) for drill holes NGKOP23031, NGKOP23032, and NGKOP23034, relative to the 2023 resource outline and past gold-equivalent drill results.
Quality assurance and quality control (QA/QC)
Drill core was logged and sampled in a secure core storage facility located in Nivala, Finland. The core samples were sent to ALS Geochemistry laboratory in Outokumpu, Finland, to be cut in half by a diamond saw and for sample preparation. From Outokumpu, the samples were sent to ALS Hub laboratory in Loughrea, Ireland, for four-acid digestion and leach, and ICPOES/ICPMS analysis (method code: ME-MS61). The ALS laboratories are accredited according to ISO/IEC 17025 standard approved by FINAS. Certified reference standards and blanks were included in the sample batches. No QA/QC issues were noted with the results reported herein and their values allow the public disclosure of the assay results.
For additional information, please contact the CEO:
“Mitch Vanderydt”
Mitchell J. Vanderydt, P.Eng, MBA
Email: ir@northgoldab.com
Website: www.northgoldab.com
Follow us: www.linkedin.com/company/northgold
About Northgold
Northgold is a Swedish-listed gold exploration and development Company focused on advancing multiple, co-located, resource-stage projects in the Middle Ostrobothnia Gold Belt (MOGB) of Central Finland, including the Kopsa Gold-Copper project, the Kiimala Trend Gold project, and the Hirsikangas Gold project. The Company strives to grow its gold mineral resources, make new gold discoveries, and ultimately extract gold from these under-explored areas in Central Finland. Visit www.northgoldab.com for more information. Augment Partners AB, tel. +46 8-604 22 55 info@augment.se, is acting as the Company's Certified Adviser.
Forward-looking statements
This announcement may contain certain forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe”, “expect”, “anticipate”, “intends”, “estimate”, “will”, “may”, “continue”, “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies, and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies, and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this communication speak only as at its date and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm or release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.
The information, estimates, and forward-looking statements contained in this announcement are valid only as of the date of this announcement and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or publish any adjustments regarding any forward-looking statements to reflect events that occur or circumstances that arise regarding the content of this notice.
