June 01, 2011
2011 - Field Season Workplan for Mauken Greenstone Belt
Gold Project
The 2011 field season workplan has been completed for the Mauken
greenstone belt gold project.
The workplan sets out plans for supplementary stream sediment
sampling, extensive soil sampling as well as quartz vein sampling.
In connection with ground magnetic surveys the workplan is to
culminate with the execution of additional 3600 metres of drill
samples.
Soil samples taken in early May 2011 has confirmed other samples
from the same area in 2010 showing anomalies on copper and arsenic
(see earlier news on Mauken anomalies). The workplan has
been altered in order to exploit this result extensively setting up
a drill target in this area for the 2011 season. Further additional
drill targets are to be decided based on the results of the
delineation phase results.
The Norwegian government has taken initiative to support the
European Raw Materials Initiative (RMI) and on that
occasion Geological Survey of Norway (NGU) has been granted funds
to undertake measures to support the development of the mining
industry in Norway. As part of this initiative a helicopter-borne
FEM survey will be conducted over the Mauken license area
covering 725 square kilometers, by NGU. The survey will be an
important contribution to the interpretation of the structurre and
geology of the greenstone belt.
The enthusiasm about the potential of the the 2011 field season
workplan is great as CEO, Søren Lund Jensen, comments: 'If the
results we expect this field season to produce comes true the value
creation on the project looks very promising indeed'.
Last updated: May 11, 2012