Scandinavian Gold (SGL-T) has intersected widespread anomalous base metal and gold mineralization but has failed to find a higher grade source for the strong copper-gold geochemical anomaly at its Tepsa project in northern Finland.
Eight holes totaling 1,500 metres were drilled over a strike length of 1,200 metres and a width of 400 metres. This resulted in anomalous assays up to .09% copper and 0.28 gram gold per tonne over 2 metres.
Drilling tested a strong copper-gold geochemical anomaly coincident with a high gravity anomaly and a magnetic low anomaly. Basal till sampling, carried out earlier this year, confirmed that a gossan was present over a 1-km-long by up to 300-metre-wide area.
Iron-rich sediments, mafic volcanics, banded iron formation and iron-carbonate schist underlie the property. The rock locally displays silica brecciation and late-stage sulphide brecciation. A total of 604 metres of core were assayed by the Geological Survey of Finland.
The 14-sq.-km property hosts other anomalies that still require work.
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