Pegmatite-style Mo-W project of roughly 167.1 km² in Northern Norway.
The 100% owned Bjellatinden Molybdenum-Tungsten-Copper Project consists of a large package of licenses in the far north of Norway, situated in the Nordland province of Norway and contains multiple known base metal occurrences over the 167 km2 licence area, two of which are the past producing Laksådal and Oterstrand mines.
Many occurrences of mineralized molybdenum-tungsten pegmatites have been documented in the northern half of the Bjellatinden project and multiple unexploited molybdenite bearing pegmatites have been identified through historic work as potential targets. One of these unexploited pegmatites sits only 250m south of the Osterstrand Mine, with a reported grade of 1% Molybdenum with very similar dimensions to the Osterstrand pegmatite (Bugge, 1963)1,2.
The historic data available for this region makes this project a promising target for further exploration, picking up where history left off and leveraging this to the companies advantage.
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1Teako has not performed sufficient work to verify the published data reported above, but the Company believes this information to be considered reliable and relevant. Results reported are maximum values and may not be representative of all samples collected within the area being evaluated
2References made to nearby mines and analogous deposits provide context for the regional targets but are not necessarily indicative that these targets host similar tonnages or grades of mineralization.
References
Bugge, A. (1963) Norges molybdenforekomster. Norges geologiske undersøkelse, No. 217.
References to the ‘NGU’ regard the ‘Norwegian Geological Survey’, in particular, their Resource Database and are consolidated under this citation for simplicity. For all data sourced from this resource, please refer to: https://geo.ngu.no/kart/mineralressurser_mobil/?lang=eng
Exploration-stage project. Any historical production, grades or estimates quoted in project descriptions are historical in nature, have not been verified by the Company as current mineral resources or reserves, and should not be relied upon. See the cautionary statements and the Qualified Person statement.