Nordic Resources expands Finnish portfolio with Jukulainen acquisition
- The company added its fourth gold asset in central Finland's Middle Ostrobothnia Gold Belt.
- Rock chip samples yielded up to 43.7 g/t Au across a 4km prospective shear zone.
- Total regional resources stand at 55.2Mt at 1.09g/t AuEq for 1.93Moz AuEq across three neighbouring deposits.
Nordic Resources (ASX:NNL) acquired the Jukulainen Gold Project in central Finland to expand its district-scale exploration strategy.
The addition builds on the company's regional footprint near its flagship Kopsa gold-copper asset.
The company stated that the transaction is expected to position the business as a district-scale gold producer in the Middle Ostrobothnia Gold Belt.
Assay results from surface rock chip samples reached up to 43.7g/t Au along an 80m sampled strike length within a broader 4km shear zone.
The combined district mineral resource currently sits at 55.2Mt grading 1.09g/t AuEq containing 1.93Moz AuEq.
Following the announcement, the Nordic Resources share price was unchanged at $0.16.
Nordic Resources previously reported an updated interim resource estimate for its nearby Kopsa project on Oct. 12.
The company continues to assess regional processing options across its four exploration properties.
