Hirsikangas Gold Project is Northgold's most recently acquired (in 2023) resource-stage project in our region of focus, Central Finland's Middle Ostrobothnia Gold Belt. The project is located roughly 70km NW of our flagship Kopsa project, is held by the Company's wholly owned Finnish subsidiary, Northern Aspect Resources Oy, and is open at depth and along strike to the southeast for up to 6km.
| Exploration permit status | Deposit | Resource Type | Resource Category | M tonnes | Au (g/t) | Cu (%) | AuEq (g/t) | Oz Au | Oz AuEq | ||||
| Granted, subject to a permit renewal process. | Hirsikangas | NI 43-101 compliant | Inferred | 2.27 | 1.2 | - | 1.2 | 89,000 | 89,000 | ||||
| Project total | 2.27 | 1.2 | - | 1.2 | 89,000 | 89,000 | |||||||
Hirsikangas deposit and Hanni and Hanni SE drilled occurrences are associated with the contact of Himanka volcanic belt along 6 km strike length. Hirsikangas hosts compliant pit-constrained resources of 89,000 oz from 2.27 million tonnes grading 1.2 g/t Au (at 0.5 g/t cutoff), according to a historic 2018 NI 43-101 compliant estimate, that was based on 73 diamond drillholes completed at Hirsikangas totaling 9,156.15m. And along-strike to the southeast, nine historic diamond drill holes (1287 m) were completed at Hanni with gold interceptions that require additional follow-up drilling, including 3.23 g/t Au over 5.5m (drill hole R3), 2.65 g/t Au over 6.25m (drill hole R7), and 1.14 g/t Au over 7.55m (drill hole R6). Further along strike to the SE, another 7 historic diamond drill holes (610m) were completed and also require follow-up drilling, with interceptions including 0.54 g/t Au over 8m (drill hole HANNI006).
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