Tertiary drills for gold in Finland
TERTIARY Minerals, the Macclesfield-based minerals exploration firm, said that it is mobilising a drill rig this week at its 100%-owned Kiekerömaa gold project in the Lappland Greenstone Belt in Northern Finland.
The company is to commence drilling to test the gold mineralised zone which had previously been discovered by Finnish company Outokumpu in 1997.
The drilling will be carried out by the Geological Survey of Finland and will last for four weeks. The results of the survey will be expected eight weeks after it concludes.
The firm, which specialises in mining for fluorspar, said that the project is part of the wider gold interests of the Company which include the Kaaresselkå gold project, 20km to the east. It is located within the Lappland Greenstone Belt, which hosts a number of advanced gold projects and two operating gold mines including the Kittila Gold mine operated by Canadian firm Agnico Eagle Mines.
Patrick Cheetham, executive chairman of the company, said: “Whilst our key focus is on the objective of becoming a major European supplier of fluorspar, a portion of the funds recently raised has been reserved for drilling on the Company’s gold projects.
“The gold mineralised zone at Kiekerömaa has not been tested by diamond drilling until now and the swampy ground requires that it be drilled in winter when the ground is frozen. We are keen to get this drilling programme underway to allow time this winter for a follow-up round of drilling if initial results are favourable.”
