Norway

The Bidjovagge mine project 

Arctic Minerals today holds the mineral rights covering the ore zone in the Bidjovagge area. The Bidjovagge mine project is in Finnmark in northern Norway. The Kautokeino city center, approx. 40 kilometers from Bidjovagge, hosts approx. 3,000 inhabitants. Alta town with approx. 18,000 inhabitants is some 130 kilometers to the north from the Kautokeino city center.

Fig. 1. The Bidjovagge gold-copper project in Finnmark in Northern Norway, marked with a black arrow. Copyright GTK (Geological Survey of Finland).

Arctic Minerals holds a 100% interest in mining and exploration permits at the past-producing Bidjovagge gold-copper mine, located in the Kautokeino municipality of northern Norway.  The deposit hosts an indicated mineral resource (2021) of 3.3 million tons grading 1.27 gram per ton gold and 0.97% copper.  Total contained metal in the indicated resource is 134,000 oz (4,180 kg) gold and 32,200 tons of copper.  Potential for cobalt and tellurium has also been identified.

The Company considers that there is excellent potential to substantially increase the resource by further exploration.  Recent study of old drill cores has identified three new areas with exceptionally high grades of gold and copper mineralisation.  For example, one drill hole assayed 18.0 metres with 33.8 grams/ton gold and 2.21% copper, including 14.0 metres @ 43.4 grams/ton gold and 0.76% copper.

Recent analysis of geophysical data also indicates the continuation of the ore zone in several directions.  A new ground geophysical survey has been carried out during the summer 2022 to follow up these latest results. The results of the latest survey confirm the interpretation of previous drilling and geophysics that the ore zone continues both to the west and north of the original mining area.

Fig. 2. A photo taken in 1985: a combined processing plant, offices, repair shops and accommodation for the personnel. Today all but one building is gone, and the aftercare is finalized. The snow-covered Caledonian mountains are seen in the background.