The following excerpt is from EXPLORATION NEWSLETTER - What's up in Sweden, No 14 November 2002

Current news on exploration in Sweden. Editor Birger Filén

EXPLORATION NEWS

On August 19 an initiation of a joint exploration venture in the Skellefte district between North Atlantic Natural Resources (NAN) and Boliden was announced. Twelve exploration holes were drilled at the Stormyran prospect.
A conductive zone extending north from the currently defined orebody at Storliden has been identified. A new exploration drill program was initiated for extension of the Storliden orebody.
On October 9 NAN reported the results from the first stage of the exploration. The analytical results received from four new holes confirmed the northward extension of the mineralized “envelope” which hosts Storliden type mineralization. Mineralized intercepts encountered to date are not considered economic, but very encouraging. Read more about the results on www.nanr.se
NAN’S future exploration efforts will focus on the Storliden area.

South Atlantic Natural Resources, a member of the Lundin Group of companies and, together with Boliden, a major shareholder in NAN, has applied for several exploration permits in the Kiruna area. The applications covering 809 km2 are still pending.
Read more on www.sa-ventures.com

Lake Resources NL has reached agreement with BHP Billiton on Joint Venture terms for Lake's Moskosel Project in northern Sweden. Lake’s exploration director Jim Clavarino said:
“The project area, comprising two license areas totalling 520 km2, is considered highly prospective for Broken Hill-type silver-lead-zinc deposits. Mineralized rocks have been identified in outcrop and in previous exploration drillholes in a favourable structural and stratigraphic setting”.
BHP Billiton can earn a 51 % interest in the tenements by funding exploration expenditure of US$0.5 million with a minimum of US$100,000 prior to withdrawal. Expenditure of a further US$2.0 million will earn 70 %. will be the operator.
Reprocessing and interpretation of airborne magnetic and electromagnetic data together with interpretation of geological and geochemical data has identified a number of targets for detailed investigation.
Field work was scheduled to commence in September with the objective of generating drilling targets by the end of December.

In a press release of July 25 ScanMining an-nounces that further gold and zinc mineralizations have been revealed in an area immediately south of the planned open pit at Ersmarksberger. The results from the drillings show that the mineralization continues outside the known ore area. Read more on www.scanmining.se.

In the yearly competition Georange Mineraljakt Norrland, the Mineral Hunt, 1267 samples were registered. On avarage, the samples held a high standard.

MINING NEWS

On August 19 NAN announced that the first stage of commercial production of copper-zinc ore from the Storliden mine had been completed. The first milling campaign of 30,000 tonnes of ore had been undertaken with good results. A second milling campaign was initiated in August. This milling campaign of 35,000 tonnes was successfully completed during August. The grade of ore was 15.24 % zinc and 4.36 % copper. The estimated Net Smelter Return (NSR) amounts to 29.5 MSEK.
Three more ore treatment campaigns are scheduled for this year.

Boliden's small open cast operation at Maurliden will be shut down until the end of this year. The mine has produced typical Skellefte District ore with copper, zinc, gold, and silver.
In an announcement of October 3 Dr. James Searle, director of Dragon Mining NL, states that “the regulatory approval process for the Company's Svartliden Gold Project in Sweden continues to be protracted. The Environmental Court has advised that they will not undertake a site inspection prior to completion of final submissions by regulatory authorities. With time periods for notices and the time allowed by the court for this latest phase of regulatory responses, it now seems likely that the court will nor be ready for the site inspection prior to the on set of winter snow cover.
Dr. Searle further states that “Environmental design and planning of the project represents a new high benchmark for mining projects in Sweden. Impact on the environment will be localised to the immediate vicinity ofthe project and the design allows ultimately for environmentally secure decommissioning of the site. The project will have a significant positive effect on the local economy through employment and use of local services. The project remains ready to commence construction once regulatory approval is granted. The economics of the Svartliden Project remain robust, particularly at the current gold price.”
Read more on www.dragon-mining.com.au

ScanMining AB has come to an agreement to buy the Pahtavaara gold mine in northern Finland. The company has not yet been able to raise the necessary money to start mining at its Ersmarksberget gold-zinc and Svärtträsk zinc properties west of the Skellefte District in Västerbotten County.

DIAMOND EXPLORATION

A four-man crew from Poplar Resources Ltd. has during July—August undertaken a regional heavy mineral sampling program on the company's exploration permits in the Sundsvall Diamond Project, collecting 401 heavy mineral pan samples. The samples were shipped to the Saskatchewan Research Council (SRC) in Saskatoon for processing and heavy mineral identification. The results processed from 102 samples have been received by the company. Mineral grains contained in 30 samples have been identified as possible kimberlite indicator minerals. These grains have been submitted for microprobe analysis at the University of Saskachewan and will be reported on when all the results have been obtained. The company finds the results from the Sundsvall sampling program very encouraging.

NEWS FROM THE MINERAL RESOURCES INFORMATION OFFICE

Anna Aberg will leave her job as head of the Mineral Office in Malå. From January 1 she will be the head of the division for Quarernary Geology in Uppsala.

GEORANGE

On the 6th of September Georange had its research kick-off seminar. Totally more than 40 persons attended the meeting. The project leaders presented all Georange funded research projects. Now 17 projects are ongoing with a total budget of 34 MSEK (3.7 MUS$) and 10.5 MSEK (1.1 MUS$) for the current year. Our of the 17 projects 10 are ore-geology and 7 are mining-environmental projects. The 10 ore geology projects are grouped mainly into two groups: VMS and Fe-oxide Cu-Au (IOCG) ore research. Researchers from 5 different countries are involved. In November next year the first workshop for presenting Georange research progress will be organised. Read more on georange.nu

SGU PUBLICATIONS

Radiometric dating results 5. Editor: Stefan Bergman SGU Research Paper C834

Bedrock maps, scale 150,000
Ai 156 241 Storavan NV
Ai 157 241 Storavan SV
Ai 158 241 Storavan NO
Ai 159 241 Storavan SO
Ai 164 221 Lycksele NV
Ai 165 221 Lycksele NO
Ai 166 221 Lycksele SV
Ai 167 221 Lycksele SO

Geological Map of the Fennoscandian Shield, 1:2,000,000
The map was compiled as an international joint project in 1997—2001. Geological surveys of three Nordic countries together with five Russian regional organizations were the participants. The map correlates the geology and geochronology from the White Sea in the east to the North Atlantic in the west. The main structure of the legend is based on the International Stratigraphic Chart.
The gravity and magnetic maps will be published later.

NEWS FROM THE UNIVERSITY WORLD

The chair as professor in ore geology at Luleå University of Technology has been advertised. The applicant must have documented skills in applied ore geology, ore genesis, exploration methods, and mining geology. Experience of management, administration, and industry contacts are merits. The application shall be submitted in three copies and should be received no later than 29 November 2002. Read more on www.luth.se or http://hogtrycket.adm.luth.se/ jobb/lediga_jobb.asp

Don't hesitate to contact us if you have any questions. You are of course welcome to visit us and have a closer look at the information that we can offer you.

© 2002 Geological Survey of Sweden - Mineral Resources Information Office.

The content of this newsletter is entirely based Upon public information gathered from newspapers, press releases, and web sites on Internet.




©2001- GeoNord