Northgold is advancing two resource-stage gold projects in the Middle Ostrobothnia Gold Belt (MOGB) in Central Finland, which also host numerous earlier stage drilled and un-drilled gold prospects. The region has a history of base metals mining and is now also emerging as a gold district. Both project sites are accessible by road, with good local infrastructure, including rail, ports and local ore processing facilities operated by others.
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: