Kopsa gold project is located in the Middle Ostrobothnia Gold Belt of Central Finland, and is held by Northgold's wholly owned Finnish subsidiary Fennia Gold Oy. The project has drill-ready exploration permits, a conditionally-granted mining area permit, and a historic PEA from 2013.
| Exploration permit status | Deposit | Resource Type | Resource Category | M tonnes | Au (g/t) | Cu (%) | AuEq (g/t) | Oz Au | Oz AuEq | ||||
| Granted | Main | JORC compliant | Measured & indicated | 14.44 | 0.88 | 0.16 | 1.11 | 406,400 | 513,700 | ||||
| Granted | Main | JORC compliant | Inferred | 6.24 | 0.89 | 0.19 | 1.18 | 178,700 | 235,700 | ||||
| Project total | 20.68 | 0.87 | 0.17 | 1.13 | 585,100 | 749,500 | |||||||
Kopsa is Northgold’s flagship project which has drill-ready exploration permits and hosts resources of 585,100 oz Au and 76 Mlbs Cu for 749,500 koz AuEq.
Northgold’s drilling has largely focused on the Main Zone mineralization, which remains open along strike to the west and down-dip to the south. The deposit also remains open to the north based on apparent parallel zones of mineralization intersected by historic scout drilling there. And little exploration has been conducted on the significant IP anomalies below the deposit, south and north of the main zone. All of these offer reasonable potential for delineating additional resources prior to completing revamped economic studies.
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