Vancouver — Re-analysis of old drill core has confirmed a high grade copper-gold intercept at South Atlantic Ventures‘ (SAA-V) Lieteksavo target at its Norrbotten project in Sweden.
The interval assayed 6% copper, 3.3 grams gold and 42 grams silver per tonne over 9.25 metres. The Lieteksavo target covers 32 sq. km, and is situated 35 km southwest of the 2 billion tonne Kiruna Iron mine currently operated by LKAB, the national iron-mining company.
South Atlantic reports that LKAB drilled 26 scout holes on the Lieteksavo target between 1983 and 1986. A total of 6 holes cut copper-gold mineralization along a 500-metre northeast-southwest trending induced polarization anomaly. This anomaly remains open along strike and lies next to a magnetic anomaly that continues to the northeast. The company states the host rock has a total potential strike length of over 10 km.
Mineralization consists of quartz-tourmaline, magnetite and copper sulphide minerals (chalcopyrite, bornite and chalcosite). It is hosted in a strongly altered, sub vertical zone of mafic volcanics that has an apparent width of 50 metres.
South Atlantic is currently conducting follow-up magnetic, induced polarization and electromagnetic geophysical surveys with the goal of delineating the strongest concentrations of sulphide mineralization. These areas will be tested by a diamond drilling program this year.
The Norrbotten property is good candidate to host iron-oxide copper-gold deposits. South Atlantic controls over 800 sq. km of exploration permits along the 120 km Kiruna trend and has to date identified ten high priority targets for follow-up later this year.
Be the first to comment on "Norrbotten mineralization confirmed"