Latest news with #TajSingh
Cision Canada
4 days ago
- Business
- Cision Canada
First Nordic Launches Phase 1 Diamond Drill Program at High-Priority Nippas Target
TORONTO, June 17, 2025 /CNW/ - First Nordic Metals Corp. (" FNM" or the " Company") (TSXV: FNM) (FNSE: FNMC SDB) (OTCQB: FNMCF) (FRA: HEG0) is pleased to announce the commencement of a 5,000-meter ("m") Phase 1 diamond drill program at its 100%-owned Nippas target, part of the Company's Storjuktan land package in northern Sweden's Gold Line greenstone belt. Phase 1 will consist of up to 26 diamond drill holes to test two of three identified structural corridors at Nippas. Drilling is being carried out by Finland-based Comadev Oy and is designed to build on promising results from recent base-of-till / top-of-bedrock ("BoT/ToB") drilling. The third corridor identified to date is in an area dominated by bogs and will be tested in the winter after freeze-up. Based on the success of this program, FNM plans to complete up to an additional 5,000 m of drilling at Nippas through 2025. Taj Singh, CEO of FNM, comments:"The commencement of drilling at Nippas marks another important milestone for our team and reflects the systematic, data-driven approach we take across our portfolio. With promising BoT/ToB and geochemical indicators, Nippas has the potential to become a cornerstone discovery within the Storjuktan land package and the broader Gold Line belt. This program is designed to advance our understanding of the target and lay the groundwork needed to unlock its full potential." Nippas Phase 1 Drill Program Details Target 1: A 2.2 km-long Au-As-Cu-Zn-Mo surface till anomaly coincident with strongly elevated ToB results (up to 2.66 ppm Au). The anomaly is located along a geophysical trend interpreted as a sheared contact between two lithological units. Target 1 will be initially tested with up to 3,600 m of diamond drilling in 16 holes over 1.4 km strike of identified structural feature, as shown in Figure 1. Target 2: A parallel 2.0 km Au-As-Cu-Zn-Mo anomalous surface till trend, coincident with elevated gold in bedrock and glacial till. This trend is interpreted to be the sheared boundary between metasediments and a large granite intrusion. Target 2 will be tested with up to 1,400 m of drilling in 10 holes over a 1.3 km strike of the identified structural feature, shown below in Figure 1. This focused Phase 1 program is designed to confirm the presence of mineralized shear corridors, define their geometry and scale, and establish a robust geological model for further expansion. As the Company awaits assay results from the Aida drill program, the Phase 1 program at Nippas ensures continued exploration activity and efficient use of the drill rig. Results from Nippas will also support broader geological understanding across the Storjuktan land package and inform future drill campaigns. About the Nippas Target The Nippas project is located within the Storjuktan project area along the Gold Line belt in northern Sweden. Pathfinder element signatures and magnetic geophysical trends are coincident with sheared contacts between metasediment, metavolcanic, and granitic lithologies. Three sub-parallel structural trends have been identified, with a combined strike length of over 5.2 km. These trends are situated within a regional flexure and coincide with several interpreted second-order splay structures along the margin of a large granite intrusion. About the Storjuktan Project The Storjuktan project is a large, early-stage project strategically positioned north of the Company's resource-stage Barsele project. It consists of seven contiguous licenses covering 30,000 ha located in the northern portion of the Gold Line belt. The Storjuktan project contains over 60 km of the regional Gold Line structural corridor. All mineralization discovered to date shows a spatial relationship to this structural corridor, occurring mainly on second- and third-order splay structures. The Project contains over 60 km of the regionally significant "Gold Line" structure which can be traced for over 200 km in regional geophysics data. The Gold Line was first recognized in the late 1970s as a large arsenic-in-soil anomaly formed by a regional fault. All mineralization discovered to date shows a spatial relationship to this structural corridor, occurring either in the main shear corridor or on perpendicular structures within a few km of the main structures. The geology of the Storjuktan project consists of a sequence of inverted basin sediments and mafic volcanic rocks intruded by small syn-kinematic granitic intrusions within a broad, anastomosing high strain structural corridor. The rocks are regionally metamorphosed to amphibolite facies and gold mineralization is associated with intense biotite, and calc-silicate alteration assemblages and sulphide minerals pyrrhotite, arsenopyrite, and minor other sulphides. These lithological sequences are highly prospective for orogenic gold deposits. ABOUT FIRST NORDIC METALS First Nordic Metals Corp. is a Canadian-based gold exploration company, consolidating assets in Sweden and Finland, with a vision to create Europe's next gold camp. The Company's flagship asset is the Barsele gold project in northern Sweden, a joint venture project with senior gold producer Agnico Eagle Mines Limited. Immediately surrounding the Barsele project, FNM is 100%-owner of a district-scale license position comprised of two additional projects (Paubäcken, Storjuktan), which combined with Barsele, total approximately 100,000 hectares on the Gold Line greenstone belt. Additionally, in northern Finland, FNM is the 100%-owner of a district-scale position covering the entire underexplored Oijärvi greenstone belt, including the Kylmäkangas deposit, the largest known gold occurrence on this belt. ON BEHALF OF THE BOARD OF DIRECTORS Taj Singh, CPA CEO & Director Qualified Person Benjamin Gelber, P. Geo., Exploration Head of FNM, is the Qualified Person as defined in NI 43-101, and takes responsibility for the technical disclosure contained within this news release. For further information contact: Marie Macdonald Investor Relations 604-687-8566 [email protected] Follow First Nordic Metals: Twitter: @fnmetals Youtube: @firstnordicmetalscorp LinkedIn: @firstnordicmetals Facebook: @FirstNordicMetals Instagram: @firstnordicmetals Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Statements This news release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's and the group's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company and the group operates and includes, statements with respect to (i) the NBU Acquisition, (ii) issuance of Shares thereunder, and (iii) receipt of TSXV approval of the NBU Acquisition. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this news release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that they will materialize or that the assumptions on which it is based are correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies, and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this news release are free from errors and readers of this news release should not place undue reliance on the forward-looking statements in this news release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of the date of this news release and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this news release, unless it is required by law or Nasdaq First North Growth Market Rulebook for Issuers of Shares.
Yahoo
4 days ago
- Business
- Yahoo
First Nordic Launches Phase 1 Diamond Drill Program at High-Priority Nippas Target
TORONTO, June 17, 2025 /CNW/ - First Nordic Metals Corp. ("FNM" or the "Company") (TSXV: FNM) (FNSE: FNMC SDB) (OTCQB: FNMCF) (FRA: HEG0) is pleased to announce the commencement of a 5,000-meter ("m") Phase 1 diamond drill program at its 100%-owned Nippas target, part of the Company's Storjuktan land package in northern Sweden's Gold Line greenstone belt. Phase 1 will consist of up to 26 diamond drill holes to test two of three identified structural corridors at Nippas. Drilling is being carried out by Finland-based Comadev Oy and is designed to build on promising results from recent base-of-till / top-of-bedrock ("BoT/ToB") drilling. The third corridor identified to date is in an area dominated by bogs and will be tested in the winter after freeze-up. Based on the success of this program, FNM plans to complete up to an additional 5,000 m of drilling at Nippas through 2025. Taj Singh, CEO of FNM, comments: "The commencement of drilling at Nippas marks another important milestone for our team and reflects the systematic, data-driven approach we take across our portfolio. With promising BoT/ToB and geochemical indicators, Nippas has the potential to become a cornerstone discovery within the Storjuktan land package and the broader Gold Line belt. This program is designed to advance our understanding of the target and lay the groundwork needed to unlock its full potential." Nippas Phase 1 Drill Program Details Target 1: A 2.2 km-long Au-As-Cu-Zn-Mo surface till anomaly coincident with strongly elevated ToB results (up to 2.66 ppm Au). The anomaly is located along a geophysical trend interpreted as a sheared contact between two lithological units. Target 1 will be initially tested with up to 3,600 m of diamond drilling in 16 holes over 1.4 km strike of identified structural feature, as shown in Figure 1. Target 2: A parallel 2.0 km Au-As-Cu-Zn-Mo anomalous surface till trend, coincident with elevated gold in bedrock and glacial till. This trend is interpreted to be the sheared boundary between metasediments and a large granite intrusion. Target 2 will be tested with up to 1,400 m of drilling in 10 holes over a 1.3 km strike of the identified structural feature, shown below in Figure 1. This focused Phase 1 program is designed to confirm the presence of mineralized shear corridors, define their geometry and scale, and establish a robust geological model for further expansion. As the Company awaits assay results from the Aida drill program, the Phase 1 program at Nippas ensures continued exploration activity and efficient use of the drill rig. Results from Nippas will also support broader geological understanding across the Storjuktan land package and inform future drill campaigns. About the Nippas TargetThe Nippas project is located within the Storjuktan project area along the Gold Line belt in northern Sweden. Pathfinder element signatures and magnetic geophysical trends are coincident with sheared contacts between metasediment, metavolcanic, and granitic lithologies. Three sub-parallel structural trends have been identified, with a combined strike length of over 5.2 km. These trends are situated within a regional flexure and coincide with several interpreted second-order splay structures along the margin of a large granite intrusion. About the Storjuktan ProjectThe Storjuktan project is a large, early-stage project strategically positioned north of the Company's resource-stage Barsele project. It consists of seven contiguous licenses covering 30,000 ha located in the northern portion of the Gold Line belt. The Storjuktan project contains over 60 km of the regional Gold Line structural corridor. All mineralization discovered to date shows a spatial relationship to this structural corridor, occurring mainly on second- and third-order splay structures. The Project contains over 60 km of the regionally significant "Gold Line" structure which can be traced for over 200 km in regional geophysics data. The Gold Line was first recognized in the late 1970s as a large arsenic-in-soil anomaly formed by a regional fault. All mineralization discovered to date shows a spatial relationship to this structural corridor, occurring either in the main shear corridor or on perpendicular structures within a few km of the main structures. The geology of the Storjuktan project consists of a sequence of inverted basin sediments and mafic volcanic rocks intruded by small syn-kinematic granitic intrusions within a broad, anastomosing high strain structural corridor. The rocks are regionally metamorphosed to amphibolite facies and gold mineralization is associated with intense biotite, and calc-silicate alteration assemblages and sulphide minerals pyrrhotite, arsenopyrite, and minor other sulphides. These lithological sequences are highly prospective for orogenic gold deposits. ABOUT FIRST NORDIC METALSFirst Nordic Metals Corp. is a Canadian-based gold exploration company, consolidating assets in Sweden and Finland, with a vision to create Europe's next gold camp. The Company's flagship asset is the Barsele gold project in northern Sweden, a joint venture project with senior gold producer Agnico Eagle Mines Limited. Immediately surrounding the Barsele project, FNM is 100%-owner of a district-scale license position comprised of two additional projects (Paubäcken, Storjuktan), which combined with Barsele, total approximately 100,000 hectares on the Gold Line greenstone belt. Additionally, in northern Finland, FNM is the 100%-owner of a district-scale position covering the entire underexplored Oijärvi greenstone belt, including the Kylmäkangas deposit, the largest known gold occurrence on this belt. ON BEHALF OF THE BOARD OF DIRECTORSTaj Singh, CPACEO & Director Qualified PersonBenjamin Gelber, P. Geo., Exploration Head of FNM, is the Qualified Person as defined in NI 43-101, and takes responsibility for the technical disclosure contained within this news release. For further information contact: Marie MacdonaldInvestor Relations604-687-8566info@ Follow First Nordic Metals:Twitter: @fnmetalsYoutube: @firstnordicmetalscorpLinkedIn: @firstnordicmetalsFacebook: @FirstNordicMetalsInstagram: @firstnordicmetals Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking StatementsThis news release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's and the group's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company and the group operates and includes, statements with respect to (i) the NBU Acquisition, (ii) issuance of Shares thereunder, and (iii) receipt of TSXV approval of the NBU Acquisition. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this news release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that they will materialize or that the assumptions on which it is based are correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies, and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this news release are free from errors and readers of this news release should not place undue reliance on the forward-looking statements in this news release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of the date of this news release and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this news release, unless it is required by law or Nasdaq First North Growth Market Rulebook for Issuers of Shares. SOURCE First Nordic Metals Corp. View original content to download multimedia:
Cision Canada
02-06-2025
- Business
- Cision Canada
First Nordic Metals to Acquire EMX's Nordic Business Unit
TORONTO, June 2, 2025 /CNW/ - First Nordic Metals Corp. (" First Nordic" or the " Company") (TSXV: FNM) (FNSE: FNMC SDB) (OTCQB: FNMCF) (FRA: HEG0) is pleased to announce the acquisition of the Nordic business unit ("NBU Acquisition") of EMX Royalty Corporation ("EMX"), a long-standing technical partner on several of First Nordic's key assets. This NBU Acquisition includes EMX's regional infrastructure in northern Sweden (including an exploration camp), an extensive inventory of exploration equipment, and the full integration of EMX's seasoned Nordic technical team; this consolidates the operational platform that has played a pivotal role in advancing First Nordic's exploration activities across Sweden and Finland. Taj Singh, First Nordic CEO comments: "With nearly 100,000 hectares (~100 km of strike length) under control in Sweden's highly prospective Gold Line belt, our 2025 exploration programs have already yielded encouraging results. This strategic acquisition strengthens our operational footprint, integrates top-tier regional expertise, and reaffirms our long-term commitment to unlocking the potential of Europe's most exciting gold frontier." Strategic Benefits & Key Highlights The acquisition further deepens First Nordic's capabilities and enhances project continuity. It supports the Company's commitment to long-term growth, operational efficiency, and community engagement in the Nordics. Key benefits include: Highly experienced Nordic team: Proven track record in geological evaluation, permitting, and logistics across the region. A dedicated operational hub: An upgraded year-round exploration camp in Malå, Sweden, located near the Geological Survey of Sweden's drill core repository. Comprehensive exploration asset package: Includes vehicles, handheld and robotic XRF (x-ray fluorescence) units, ground magnetometers, mobile core logging infrastructure, and modern digital tools for data acquisition and interpretation. Transaction Terms Under the terms of the agreement signed on May 30, 2025, First Nordic will acquire the EMX Nordic business unit and related assets for a total consideration of 3.25 million SEK (~US$335,000), payable over two years in equal parts cash and First Nordic common shares, structured as follows: 1.05 million SEK (~US$108,000) paid upon closing. 1.20 million SEK (~US$124,000) paid on the first anniversary of the agreement 1.00 million SEK (~US$103,000) paid on the second anniversary of the agreement. EMX will retain a 1% net smelter return (NSR) royalty on any new projects organically generated (i.e. newly staked) by First Nordic in Sweden and Finland within five years. The structure allows First Nordic to expand operations with minimal upfront capital while maintaining full strategic and operational control. As per TSX Venture Exchange (the "TSXV") policies, the NBU Acquisition constitutes a non-arm's length transaction due to a shared director (H. Lundin). The transaction remains subject to TSXV approval. All shares issued will be subject to a statutory four month and one day hold in accordance with applicable Canadian securities laws. No finder's fees are payable in connection with the transaction. ABOUT FIRST NORDIC METALS First Nordic Metals Corp. is a Canadian-based gold exploration company, consolidating assets in Sweden and Finland, with a vision to create Europe's next gold camp. The Company's flagship asset is the Barsele gold project in northern Sweden, a joint venture project with senior gold producer Agnico Eagle Mines Limited. Immediately surrounding the Barsele project, FNM is 100%-owner of a district-scale license position comprised of two additional projects (Paubäcken, Storjuktan), which combined with Barsele, total approximately 100,000 hectares on the Gold Line greenstone belt. Additionally, in northern Finland, FNM is the 100%-owner of a district-scale position covering the entire underexplored Oijärvi greenstone belt, including the Kylmäkangas deposit, the largest known gold occurrence on this belt. ON BEHALF OF THE BOARD OF DIRECTORS Taj Singh, CPA CEO & Director Follow First Nordic Metals: Twitter: @fnmetals Youtube: @firstnordicmetalscorp LinkedIn: @firstnordicmetals Facebook: @FirstNordicMetals Instagram: @firstnordicmetals The information in this release is subject to the disclosure requirements of First Nordic pursuant to the EU Market Abuse Regulations. The Company's certified adviser on the Nasdaq First North Growth Market is Augment Partners AB, [email protected], +46 8-604 22 55. This information was submitted for publication, through the agency of the contact person set out above, on June 2, 2025, at 7:00 a.m. Eastern Time. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Statements This news release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's and the group's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company and the group operates and includes, statements with respect to (i) the NBU Acquisition, (ii) issuance of Shares thereunder, and (iii) receipt of TSXV approval of the NBU Acquisition. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this news release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that they will materialize or that the assumptions on which it is based are correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies, and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this news release are free from errors and readers of this news release should not place undue reliance on the forward-looking statements in this news release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of the date of this news release and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this news release, unless it is required by law or Nasdaq First North Growth Market Rulebook for Issuers of Shares.
Cision Canada
29-05-2025
- Business
- Cision Canada
First Nordic Confirms Robust Gold-in-Till Anomaly and Reports Encouraging Top-of-Bedrock Drill Results at Harpsund
TORONTO, May 29, 2025 /CNW/ - First Nordic Metals Corp. (" FNM" or the " Company") (TSX.V: FNM, Stockholm: FNMC SDB, OTCQB: FNMCF, Germany: HEG0) is pleased to announce results from its glacial till geochemical survey and initial base-of-till / top-of-bedrock ("BoT/ToB") drill program at the high-priority Harpsund target ("Harpsund"), located on the Company's 100%-owned Paubäcken Project in Västerbotten County, northern Sweden, within the Gold Line greenstone belt. Harpsund is located approximately 30 km south of the Company's resource-stage Barsele project. The current results advance Harpsund to a high-priority diamond drill target, strengthening FNM's target-rich belt-scale portfolio, while also continuing to demonstrate the effectiveness of FNM's exploration process. Highlights: Highly anomalous kilometric-scale gold-in-till anomaly confirmed over a +5 km structural corridor. Strong pathfinder element associations indicate a robust orogenic gold system. Large-scale gold-in-bedrock anomalism encountered in Harpsund BoT/ToB drilling. Follow-up programs, including additional BoT/ToB and diamond drilling, are fully permitted and planned for H2 2025. FNM CEO Taj Singh comments:" Harpsund is emerging as one of the more exciting new targets on the Gold Line belt. We've confirmed a cohesive, multi-kilomeric gold-in-till anomaly – one of the most robust we've seen in the region. Additionally, the initial BoT/ToB drilling confirms a large-scale, cohesive gold-in-bedrock anomaly. Our knowledge of the +5 km Harpsund/Brokojan corridor has increased substantially, and our plan is to complete a brief follow-up BoT/ToB program here shortly and then proceed to diamond drilling in 2H 2025. Across the Gold Line belt, FNM continues its exploration and drill programs on multiple high-priority targets, and this will no doubt be one of the most active years in the region." Surface Till Gold Results In previous field seasons, FNM conducted a property-wide till geochemical survey with the collection of approximately 23,000 B-horizon glacial till samples over the Paubäcken project area. A high-density sample spacing is used (15 m x 75 m average) to identify anomalous areas, and sampling direction is designed to be perpendicular to structural corridors as well as oblique to the ice flow direction. All samples were screened using XRF analysis for typical orogenic gold pathfinder elements. A subset of samples from the adjacent Harpsund and Brokojan target areas, within the Paubäcken concession area, with anomalous pathfinder element signatures were selected for gold assays at MEFFA Lab Oy in Finland ("MEFFA"). Samples are prepared at MEFFA where the fine fraction is separated in a wet sieving process and subsequently analysed by laser ablation ICP-MS (inductively coupled plasma mass spectrometry) for gold. In total, 51 samples from the Harpsund/Brokojan target corridor were selected for gold analysis. Detailed glacial till sampling surveys have confirmed widespread gold mineralization along the Harpsund target area returning strongly anomalous gold results associated with a complex second order shear corridor. For regional context, values of 50 ppb gold and higher in glacial till are considered highly anomalous and thus important for the discovery of gold mineralization. In the current program, 97% of the samples from Harpsund returned values greater than 50 ppb gold, with samples up to 256 ppb gold. Results from the gold analysis show a strong correlation to orogenic gold pathfinder element anomalies and are interpreted to be derived from various bedrock lithologies and shear zones identified from geophysics data. The Harpsund/Brokojan target area forms two broad gold-in-till anomalies over a 5 km strike of a second order splay structure off the main Gold Line regional structure parallel with the down ice direction. The underlying geology is dominated by folded and sheared metasedimentary and metavolcanic units that are bounded by two prominent second order structural corridors. The orientation of the cohesive Harpsund anomaly is parallel to the axis of a plunging fold, with the highest and widest portion of the anomaly at the intersection of the fold axis and regional flexure within the second order splay structure. The Brokojan anomaly is more diffuse and occurs near the intersection between the first order regional Gold Line structure and the second order Harpsund/Brokojan splay structure. The Harpsund gold-in-till dispersion plume anomaly is one of the most cohesive surface till anomalies on the Gold Line belt and measures 2 km along the fold axis and in the down ice direction, by up to 800 m wide. Within the metasedimentary and metavolcanic units of the Harpsund target area, metal associations are generally Au-As-Cu-W-Ag-Te-Sb. Top-of-Bedrock/Base-of-Till Drilling Results In Q1 2025, 116 BoT/ToB holes were completed at Harpsund and Brokojan. At Harpsund, drilling targeted the strongest part of the gold anomaly located within the axis of the fold hinge and the intersection of the fold axis and second order splay structure. Gold results were generally anomalous with bedrock results up to 0.18 ppm gold and sample results > 0.1 ppm in 13 locations, forming a cohesive gold-in-bedrock anomaly. For regional context, values of 0.1 ppm or higher in bedrock are considered highly anomalous and thus important for the discovery of gold mineralization. Large areas of the gold-in-till anomaly along the axis of the fold to the NE in the up-ice direction were not drilled due access limitations in steep and challenging ground conditions; due to this, a large portion of the target area along the axis of the fold was not adequately tested in the drilling program and results encountered are potentially outside the main source of the anomaly. In addition, due to ground conditions sloping steeply to the northeast, it is possible that the till anomaly has been transposed slightly from the original location. The results are considered highly encouraging, and follow-up diamond drilling over the 2 km target area is planned for the second half of 2025, following programs at other priority targets along the Gold Line belt. Access was significantly limited at the Brokojan target due to several factors including unusually mild winter conditions resulting in partially frozen swamp areas, and steep ground conditions. The main target area at Brokojan was not tested as a result and will be targeted with a follow up campaign of BoT/ToB in H2 2025 when conditions allow. About the Harpsund and Brokojan Targets The Harpsund and Brokojan targets are located within the Paubäcken Project area of the Gold Line belt in northern Sweden. Both target areas are located on a northwest trending second order splay structure off the main regional Gold Line belt structure. The Brokojan target is located at the intersection of first and second order structures, and the Harpsund target within a large flexure and/or fold hinge along the structure. The geology consists of a sequence of inverted basin sediments and mafic volcanic rocks intruded by small syn-kinematic granitic intrusions within a broad, anastomosing high strain structural corridor. These lithological sequences are highly prospective for orogenic gold deposits. About the Paubäcken Project The Paubäcken project covers 17,097 hectares across three licenses in the heart of northern Sweden's emerging "Gold Line belt". The belt hosts several significant gold deposits, including the Company's nearby Barsele project as well as the Svartliden mine and Fäboliden development project, operated by Dragon Mining Ltd. ABOUT FIRST NORDIC METALS First Nordic Metals Corp. (FNM) is a Canadian-based gold exploration company, consolidating assets in Sweden and Finland, with a vision to create Europe's next gold camp. The Company's flagship asset is the Barsele gold project in northern Sweden, a joint venture project with senior gold producer Agnico Eagle Mines Limited. Immediately surrounding the Barsele project, FNM is 100%-owner of a district-scale license position comprised of two additional project areas (Paubäcken, Storjuktan), which combined with the Barsele project, total ~100 km of strike coverage of the Gold Line greenstone belt. Additionally, in northern Finland, FNM is the 100%-owner of a district-scale position covering the entire underexplored Oijärvi greenstone belt, including the Kylmäkangas deposit, the largest known gold occurrence on this belt. ON BEHALF OF THE BOARD OF DIRECTORS Taj Singh, CPA CEO & Director For further information contact: Marie Macdonald, Investor Relations, Phone: 604-687-8566, Email: [email protected] Follow First Nordic Metals: Twitter: @fnmetals | Youtube: @firstnordicmetalscorp | LinkedIn: @firstnordicmetals Facebook: @FirstNordicMetals | Instagram: @firstnordicmetals Qualified Person & QA/QC Benjamin Gelber, P. Geo., Exploration Head of FNM, is the Qualified Person as defined in NI 43-101, and takes responsibility for the technical disclosure contained within this news release. ToB/BoT samples All 2025 BoT/ToB samples were collected under the supervision of EMX Royalty Corporation employees. Till and bedrock samples were transported from the drilling locations where it was bagged to the EMX office facility located in Malå, northern Sweden where it was logged. Sample reference materials were inserted at regular sample intervals. Groups of samples were placed in large bags and sealed with numbered tags to maintain a chain-of-custody and transported to the ALS Laboratory prep lab in Piteå. Samples were transported by ALS Laboratories to ALS in Loughrea, Ireland. Samples from the till part of the program where prepared with PREP-41 in Pitea. Samples where dried (<60°C) and sieved (-180µm (80mesh)) and subsequently 25 g of the fine fraction were analysed for Gold using the ALS AuME-ST43 package with a cyanide and aqua regia digestion and ICP-MS finish. Samples from the bedrock were separated in the lower 1.5 m sample interval, where individual samples were crushed to 2 mm (10 mesh) and a 250 g split was pulverized to 75 μm (200 mesh) for analysis (PREP-31Y) and analysed with a complete characterization package CCP-PKG01 combined with PGM-ICP23 for precious metals analysis. The assay package for the complete characterization combines a total carbon analysis (C-IR07), a multi element with ME-4ACD81 four acid digestion and ICP-AES finish for base metals, a major element analysis using ME-ICP06 with a fusion digestion and an ICP-AES finish, ME-MS42 with an Aqua Regia digestion and an ICP-MS finish for more volatile elements, ME-MS81 for refractory elements using a Li-Borate fusion digestion and ICP-MS finish, and sulfur content by induction furnace (S-IR08). If a second bedrock sample could be taken, the upper 1.5 m were analysed for gold only using ALS method PGM-ICP23 where a 30 g split is analyzed with fire assay by Pb collection and AAS finish. Surface till samples Sample reference materials were inserted at regular sample intervals. Samples were measured for gold pathfinder elements at the EMX facility via x-ray fluorescence (XRF). Based on the XRF results a subset of samples is then sent to MEFFA Labs Oy in Finland, where samples are prepared by fine fraction separation in a wet sieving process and subsequently analyzed by laser ablation ICP-MS for gold. Cautionary Note Regarding Forward-Looking Statements: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release contains forward-looking statements, including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and FNM undertakes no obligation to update such statements, except as required by law.
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29-05-2025
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First Nordic Confirms Robust Gold-in-Till Anomaly and Reports Encouraging Top-of-Bedrock Drill Results at Harpsund
TORONTO, May 29, 2025 /CNW/ - First Nordic Metals Corp. ("FNM" or the "Company") (TSX.V: FNM, Stockholm: FNMC SDB, OTCQB: FNMCF, Germany: HEG0) is pleased to announce results from its glacial till geochemical survey and initial base-of-till / top-of-bedrock ("BoT/ToB") drill program at the high-priority Harpsund target ("Harpsund"), located on the Company's 100%-owned Paubäcken Project in Västerbotten County, northern Sweden, within the Gold Line greenstone belt. Harpsund is located approximately 30 km south of the Company's resource-stage Barsele project. The current results advance Harpsund to a high-priority diamond drill target, strengthening FNM's target-rich belt-scale portfolio, while also continuing to demonstrate the effectiveness of FNM's exploration process. Highlights: Highly anomalous kilometric-scale gold-in-till anomaly confirmed over a +5 km structural corridor. Strong pathfinder element associations indicate a robust orogenic gold system. Large-scale gold-in-bedrock anomalism encountered in Harpsund BoT/ToB drilling. Follow-up programs, including additional BoT/ToB and diamond drilling, are fully permitted and planned for H2 2025. FNM CEO Taj Singh comments: "Harpsund is emerging as one of the more exciting new targets on the Gold Line belt. We've confirmed a cohesive, multi-kilomeric gold-in-till anomaly – one of the most robust we've seen in the region. Additionally, the initial BoT/ToB drilling confirms a large-scale, cohesive gold-in-bedrock anomaly. Our knowledge of the +5 km Harpsund/Brokojan corridor has increased substantially, and our plan is to complete a brief follow-up BoT/ToB program here shortly and then proceed to diamond drilling in 2H 2025. Across the Gold Line belt, FNM continues its exploration and drill programs on multiple high-priority targets, and this will no doubt be one of the most active years in the region." Surface Till Gold ResultsIn previous field seasons, FNM conducted a property-wide till geochemical survey with the collection of approximately 23,000 B-horizon glacial till samples over the Paubäcken project area. A high-density sample spacing is used (15 m x 75 m average) to identify anomalous areas, and sampling direction is designed to be perpendicular to structural corridors as well as oblique to the ice flow direction. All samples were screened using XRF analysis for typical orogenic gold pathfinder elements. A subset of samples from the adjacent Harpsund and Brokojan target areas, within the Paubäcken concession area, with anomalous pathfinder element signatures were selected for gold assays at MEFFA Lab Oy in Finland ("MEFFA"). Samples are prepared at MEFFA where the fine fraction is separated in a wet sieving process and subsequently analysed by laser ablation ICP-MS (inductively coupled plasma mass spectrometry) for gold. In total, 51 samples from the Harpsund/Brokojan target corridor were selected for gold analysis. Detailed glacial till sampling surveys have confirmed widespread gold mineralization along the Harpsund target area returning strongly anomalous gold results associated with a complex second order shear corridor. For regional context, values of 50 ppb gold and higher in glacial till are considered highly anomalous and thus important for the discovery of gold mineralization. In the current program, 97% of the samples from Harpsund returned values greater than 50 ppb gold, with samples up to 256 ppb gold. Results from the gold analysis show a strong correlation to orogenic gold pathfinder element anomalies and are interpreted to be derived from various bedrock lithologies and shear zones identified from geophysics data. The Harpsund/Brokojan target area forms two broad gold-in-till anomalies over a 5 km strike of a second order splay structure off the main Gold Line regional structure parallel with the down ice direction. The underlying geology is dominated by folded and sheared metasedimentary and metavolcanic units that are bounded by two prominent second order structural corridors. The orientation of the cohesive Harpsund anomaly is parallel to the axis of a plunging fold, with the highest and widest portion of the anomaly at the intersection of the fold axis and regional flexure within the second order splay structure. The Brokojan anomaly is more diffuse and occurs near the intersection between the first order regional Gold Line structure and the second order Harpsund/Brokojan splay structure. The Harpsund gold-in-till dispersion plume anomaly is one of the most cohesive surface till anomalies on the Gold Line belt and measures 2 km along the fold axis and in the down ice direction, by up to 800 m wide. Within the metasedimentary and metavolcanic units of the Harpsund target area, metal associations are generally Au-As-Cu-W-Ag-Te-Sb. Top-of-Bedrock/Base-of-Till Drilling ResultsIn Q1 2025, 116 BoT/ToB holes were completed at Harpsund and Brokojan. At Harpsund, drilling targeted the strongest part of the gold anomaly located within the axis of the fold hinge and the intersection of the fold axis and second order splay structure. Gold results were generally anomalous with bedrock results up to 0.18 ppm gold and sample results > 0.1 ppm in 13 locations, forming a cohesive gold-in-bedrock anomaly. For regional context, values of 0.1 ppm or higher in bedrock are considered highly anomalous and thus important for the discovery of gold mineralization. Large areas of the gold-in-till anomaly along the axis of the fold to the NE in the up-ice direction were not drilled due access limitations in steep and challenging ground conditions; due to this, a large portion of the target area along the axis of the fold was not adequately tested in the drilling program and results encountered are potentially outside the main source of the anomaly. In addition, due to ground conditions sloping steeply to the northeast, it is possible that the till anomaly has been transposed slightly from the original location. The results are considered highly encouraging, and follow-up diamond drilling over the 2 km target area is planned for the second half of 2025, following programs at other priority targets along the Gold Line belt. Access was significantly limited at the Brokojan target due to several factors including unusually mild winter conditions resulting in partially frozen swamp areas, and steep ground conditions. The main target area at Brokojan was not tested as a result and will be targeted with a follow up campaign of BoT/ToB in H2 2025 when conditions allow. About the Harpsund and Brokojan TargetsThe Harpsund and Brokojan targets are located within the Paubäcken Project area of the Gold Line belt in northern Sweden. Both target areas are located on a northwest trending second order splay structure off the main regional Gold Line belt structure. The Brokojan target is located at the intersection of first and second order structures, and the Harpsund target within a large flexure and/or fold hinge along the structure. The geology consists of a sequence of inverted basin sediments and mafic volcanic rocks intruded by small syn-kinematic granitic intrusions within a broad, anastomosing high strain structural corridor. These lithological sequences are highly prospective for orogenic gold deposits. About the Paubäcken ProjectThe Paubäcken project covers 17,097 hectares across three licenses in the heart of northern Sweden's emerging "Gold Line belt". The belt hosts several significant gold deposits, including the Company's nearby Barsele project as well as the Svartliden mine and Fäboliden development project, operated by Dragon Mining Ltd. ABOUT FIRST NORDIC METALSFirst Nordic Metals Corp. (FNM) is a Canadian-based gold exploration company, consolidating assets in Sweden and Finland, with a vision to create Europe's next gold camp. The Company's flagship asset is the Barsele gold project in northern Sweden, a joint venture project with senior gold producer Agnico Eagle Mines Limited. Immediately surrounding the Barsele project, FNM is 100%-owner of a district-scale license position comprised of two additional project areas (Paubäcken, Storjuktan), which combined with the Barsele project, total ~100 km of strike coverage of the Gold Line greenstone belt. Additionally, in northern Finland, FNM is the 100%-owner of a district-scale position covering the entire underexplored Oijärvi greenstone belt, including the Kylmäkangas deposit, the largest known gold occurrence on this belt. ON BEHALF OF THE BOARD OF DIRECTORSTaj Singh, CPACEO & Director For further information contact:Marie Macdonald, Investor Relations, Phone: 604-687-8566, Email: ir@ Follow First Nordic Metals:Twitter: @fnmetals | Youtube: @firstnordicmetalscorp | LinkedIn: @firstnordicmetalsFacebook: @FirstNordicMetals | Instagram: @firstnordicmetals Qualified Person & QA/QCBenjamin Gelber, P. Geo., Exploration Head of FNM, is the Qualified Person as defined in NI 43-101, and takes responsibility for the technical disclosure contained within this news release. ToB/BoT samplesAll 2025 BoT/ToB samples were collected under the supervision of EMX Royalty Corporation employees. Till and bedrock samples were transported from the drilling locations where it was bagged to the EMX office facility located in Malå, northern Sweden where it was logged. Sample reference materials were inserted at regular sample intervals. Groups of samples were placed in large bags and sealed with numbered tags to maintain a chain-of-custody and transported to the ALS Laboratory prep lab in Piteå. Samples were transported by ALS Laboratories to ALS in Loughrea, Ireland. Samples from the till part of the program where prepared with PREP-41 in Pitea. Samples where dried (<60°C) and sieved (-180µm (80mesh)) and subsequently 25 g of the fine fraction were analysed for Gold using the ALS AuME-ST43 package with a cyanide and aqua regia digestion and ICP-MS finish. Samples from the bedrock were separated in the lower 1.5 m sample interval, where individual samples were crushed to 2 mm (10 mesh) and a 250 g split was pulverized to 75 μm (200 mesh) for analysis (PREP-31Y) and analysed with a complete characterization package CCP-PKG01 combined with PGM-ICP23 for precious metals analysis. The assay package for the complete characterization combines a total carbon analysis (C-IR07), a multi element with ME-4ACD81 four acid digestion and ICP-AES finish for base metals, a major element analysis using ME-ICP06 with a fusion digestion and an ICP-AES finish, ME-MS42 with an Aqua Regia digestion and an ICP-MS finish for more volatile elements, ME-MS81 for refractory elements using a Li-Borate fusion digestion and ICP-MS finish, and sulfur content by induction furnace (S-IR08). If a second bedrock sample could be taken, the upper 1.5 m were analysed for gold only using ALS method PGM-ICP23 where a 30 g split is analyzed with fire assay by Pb collection and AAS finish. Surface till samplesSample reference materials were inserted at regular sample intervals. Samples were measured for gold pathfinder elements at the EMX facility via x-ray fluorescence (XRF). Based on the XRF results a subset of samples is then sent to MEFFA Labs Oy in Finland, where samples are prepared by fine fraction separation in a wet sieving process and subsequently analyzed by laser ablation ICP-MS for gold. Cautionary Note Regarding Forward-Looking Statements: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release contains forward-looking statements, including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and FNM undertakes no obligation to update such statements, except as required by law. SOURCE First Nordic Metals Corp. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
