Vancouver, British Columbia – July 20, 2022 – Norrland Gold Corp. (“Norrland” or “the Company”, TSX-V: NORR, Frankfurt Exchange: 8VC) is pleased to announce that the recent ground magnetic survey defined a significant magnetic anomaly at Vittanträsket, which may indicate the existence of pyrrhotite and potential gold mineralization. This anomaly will now be the subject of shallow exploratory drilling to investigate the geology below recent thin glacial moraine cover.
The Vittanträsket tenement is covered by one of the most substantial soil geochemical gold anomalies in Sweden, a Tier 1 mining jurisdiction (figure 1). Similar gold-soil geochemical anomalies are located at known deposits, such as at the famous mined-out Boliden gold mine, which suggests Vittanträsket may be comparable.
A significant magnetic high anomaly is located immediately northwest and west of an anomalous gold-in moraine sample, taken during the widely spaced regional surveys of the Geological Survey Of Sweden. Moraine is un-sorted boulder debris, left behind by the glaciation of northern Europe approximately 10,000 years ago. Since that time, the moraine has been in-situ and subjected to natural geochemical processes. The moraine cover is substantial in the gold-prospective region in northern Sweden, thus potential exists for previously un-discovered deposits.
A shallow sub-surface scout drilling program will be undertaken by conventional track-mounted drilling equipment. The first three exploratory drill holes will be placed along a logging road drilling bedrock to interpret the geology, and if successful, an additional five holes will follow. The average projected depth to bedrock is approximately 15 meters (figure 2).
The Company has been actively investigating the other exploration prospects at Pingisvaara (gold); Junsele (battery metals); and Liljedal (rare earth elements). The Company was not able to validate the drill results at Junsele reported by the Geological Survey Of Sweden in the 1980s. As such, management have determined that the greatest potential to create value in Sweden is by focusing on and developing further the potential at Vittanträsket (figure 3).
Norrland Gold holds the exploration permit covering Vittanträsket and the first exploration period is valid until December 20, 2024 (figure 4).
Anders West, CEO, commented:
“The geophysical anomaly coupled with the geochemical anomalies that Norrlandbased the acquisition of Vittanträsket on is a major step forward and reinforces our belief that the potential remains for a significant new gold discovery to be found under moraine cover. These largely unexplored terrains are what Norrland is focusing on. The upcoming drilling program presents the opportunity to understand the geological structures below surface which could set the pace for further exploration work and further drilling”.
NORRLAND GOLD CORP.
Anders West, CEO
Qualified Person: The scientific and technical data contained in this news release, pertaining to the Vittanträsket, Pingisvaara, and Junsele Projects, has been reviewed and approved by Douglas J. Kirwin, who served as the qualified person (QP) under the definition of National Instrument 43-101.
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