The Kiimala Trend gold project is Northgold's second and earlier-stage project in our region of focus, the Middle Ostrobothnia Gold Belt of Central Finland. It is held by the Company's wholly-owned Finnish subsidiary, Lakeuden Malmi Oy. This prospective and under-explored trend is roughly 50km North of our flagship project Kopsa project, hosts starter-resources near its north end, and stretches for at least 10km.
| Exploration permit status | Deposit | Resource Type | Resource Category | M tonnes | Au (g/t) | Cu (%) | AuEq (g/t) | Oz Au | Oz AuEq | ||||
| Granted, subject to an ongoing public appeals process. | Ängesneva | NI 43-101 / Jorc compliant | Measured & indicated | 3.85 | 1.19 | - | 1.19 | 147,300 | 147,300 | ||||
| Granted, subject to an ongoing public appeals process. | Vesiperä | Historic / non-compliant | n/a | 0.29 | 2.52 | - | 2.52 | 23,500 | 23,500 | ||||
| Project total | 4.14 | 1.28 | - | 1.28 | 170,800 | 170,800 | |||||||
Northgold’s Kiimala Trend project holds numerous drilled and un-drilled gold targets that require follow up. The project includes seven granted exploration permits, two which are drill-ready and four of which are subjects ongoing public correspondence, two applications, and one reservation.. The project’s largest deposit, Ängesneva, hosts compliant resources of 147 koz Au.
The Kimala Trend exploration permit and application areas cover a combined 97 km2, including more than 15km along the trend. The project includes multiple near-surface deposits and both drilled and undrilled prospects, which include:
Ängesneva deposit
Kiimala Trend project’s largest deposit is A, for which Belvedere Resources released an initial resource estimate in 2010 of 3.85 Mt @ 1.19g/t Au for 147,300oz. Additional resource potential exists at depth and in parallel structures with associated gold mineralization to the northwest. Historic drill intercepts include:
Vesiperä deposit
Based on limited drilling (35 holes), GTK estimates a non-compliant/historic resource of 290 kt grading 2.5g/t for 23,600 oz. Historic drill intercepts include:
Kiimala prospect
Includes a drill intercept of 2.27g/t over 17.25m from 42.6m that requires follow up.
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