Overview

  • Ågåsjiegge is situated to the northeast of Kallak and shows exploration potential to host the same geological structures for iron mineralisation as those seen at Kallak.

Geology

  • The Geological Survey of Sweden (“SGU”) has produced a historic resource estimate for Ågåsjiegge of 74-75 million tonnes of magnetite mineralisation, grading 30 per cent iron and almost free of impurities.
  • Historic logs on two holes show mineralisation in drill hole 72601 (west position) from a depth of 16 metres (“m”), and in drill hole 72602 (east position) from a depth of 8.5m. Logging of the drill holes revealed quartz-feldspar-amphibole magnetite iron formation intersected with pegmatite. The holes are 202.5m and 214m in length, respectively.