Northgold is advancing multiple resource-stage gold projects in the Middle Ostrobothnia Gold Belt (MOGB) in Central Finland. The region has a history of base metals mining and is now also emerging as a gold district.
| Mineral resources | Au (g/t) | Cu (%) | AuEq (g/t) | Oz Au | Oz AuEq | ||||
| NI 43-101 compliant Measured and Indicated Resources | 0.94 | 0.12 | 1.12 | 553,700 | 661,000 | ||||
| NI 43-101 compliant Inferred Resources | 0.97 | 0.14 | 1.18 | 267,700 | 324,700 | ||||
| Historic / Non-compliant Resources | 2.52 | – | 2.52 | 23,500 | 23,500 | ||||
| Total | 0.96 | 0.13 | 1.16 | 844,900 | 1,009,200 | ||||
Exploration focus and investment has resulted in multiple major discoveries in Sweden’s “Gold Line” and VMS trend.
Similar concentrations of mineral deposits should occur along the Raahe-Ladoga shear zone of Finland given that it sits within the same Svecofennian orogen, abutting the Karelian craton.
Orogenic gold deposits are prevalent in the Svecofennian domain:
Exploration
20.68
M tonnes
585,100
Oz Au
75.6
Mlbs Cu
749,500
Oz AuEq
Northgold’s flagship project with a newly update resource model and newly discovered extensions at depth. Deposit was first discovered by Outokumpu in 1939.
Read moreExploration
4.14
M tonnes
170,800
Oz Au
The Kiimala Trend shear zone stretches for at least 10km and hosts multiple, potentially expandable gold and base metals deposits and occurrences.
Read moreExploration
2.27
M tonnes
89,000
Oz Au
Recently acquired from Rupert Resource Ltd. (TSX:RUP) in 2023, the Hirsikangas deposit remains open at depth and to the southeast.
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