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Nordic Gold Corp.
Summary
| Project: | Laiva | |
|---|---|---|
| Deposit: | Laiva | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 10/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 15-10-2019: Nordic Gold Corp. announces a Resource Estimation report for its Laiva deposit at the Laiva project. Updated mineral resource estimate. Several mineral resource and reserve estimates were commissioned by Nordic Gold OY (Nordic Oy) betwe | |
| Resources: | (Resource, Total): 32.3Mt @ 1.53g/t Au at project | |
| CP/QP: | [Resources]: Andrew Carter (Tetra Tech/Coffey Mining Ltd.) | |
| ABSTRACT: | Several mineral resource and reserve estimates were commissioned by Nordic Gold OY (Nordic Oy) between 2008 and 2018. At the request of Brian Wesson of Nordic Gold Inc (Nordic Gold), Coffey Geotechnics Ltd, A Tetra Tech Company (Coffey) has been retained to provide a resource estimate update for the Laiva Gold Project (Laiva Project). The study complies with Canadian National Instrument 43-101 (NI 43-101) guidelines (2011). The Laiva Mine initially commenced production in January 2012; mining ceased in December 2013. The mill continued to operate, processing low-grade stockpile material until March 2014. The second period of operation was from August 2018, continuing to March 2019 when the operation was put into care and maintenance. Nordic Gold is planning to re-develop the Laiva Project by rebuilding the technical side of the company to move it back into production. | |
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