Initial exploration has given signals that the area is promising for expansion. A successful broadened exploration of the area could potentially increase Nordic Iron Ore’s mineral resources.
Through Nordic Iron Ore’s own exploration work and its participation in the EU-financed project Smart Exploration, knowledge has increased of the geology in the area, as well as previously explored areas. It also worth noting that the area has historically seen several small-scale mining operations. In addition to Smart Exploration’s measures, performed magnetic measurements indicate that the mineralisation in Blötberget continues to the north-east and could potentially be more easily accessible for mining. This makes the area promising for additional exploration. The company has therefore made an additional application to Bergsstaten for an exploration permit, Blötberget nr 6. Following approval of the application, the plan is to undertake core drilling in the area.
“It is pleasing to see that our exploration work is progressing and we have now made our second application for a new exploration permit during the past year. The purpose of the work is to expand upon the company’s mineral resources and thereby prolong the life of mine and improve profitability for the future mining operations at Blötberget,” said Ronne Hamerslag, VD at Nordic Iron Ore.