Hydrothermal-style Pb-Ag project of roughly 15.0 km² in Northern Norway.
Sund and Leland Projects
Sund Project
The Sund Project consists of two license claims (covering 15 km2) and is located in Nordland, Norway, about 15 km east of Sandnessjøen and hosts the historic Ladingen trench (1930s), known for its silver and base-metal grades (see Figure 1). The area’s geology comprises marble interlayered with mica schist and gneiss, with proximal Caledonian granite intrusions. A 5 m long adit exposes a ~10 cm quartz vein with galena, arsenopyrite, and minor pyrite. The vein reportedly extends several metres along strike before disappearing beneath overburden on the shoreline. NGU sample assays (Geo.ngu.no, 2026) show elevated lead and silver in samples from the vein, with up to 2.13 % lead and 489 g/t silver1.
Leland Project
Teako’s Leland Project is located in Nordland County and consists of 2 license claims covering 8.7 km2. The Project lies 17 km northeast of Sandnessjøen covering the historic Leirfjord lead–zinc–silver occurrences. Mineralization occurs as massive galena–sphalerite (± pyrrhotite) bodies hosted within calcitic marble of a Cambro–Silurian metasedimentary sequence situated adjacent to the Caledonian Lifjell granodiorite. The mineralization is structurally controlled, remobilized into fold hinges and marble–schist contacts. At the historical main Smøråsen pit, mineralization occurs in three lenses and a 1 m thick zone has been identified at Småhaugene.
Historical work includes mining in the 1880s – 1930s and an NGU exploration program in 1974 involving mapping, soil sampling, and VLF geophysics (Cramer, 1974). Rock chip samples over the areas from the NGU have returned assay grades up to 264 g/t silver, 10% zinc and 16% lead (NGU, 2015)1 (see Figure 1). Lead isotope data collected for a series of deposits throughout the region by the University of Oslo have linked the Leirfjord mineralization with other deposits in the region and studies have confirmed skarn-style mineralization (Birkeland 1993). Leirfjord has been classified as a “Husvika Type” and sits within a cluster of deposits including Husvika, Leirfjord, Langkilen and Svenningdale. Lead isotopes for these deposits overlap with the regionally significant Bindal batholith and the Caledonian of the Scandinavian massive sulphide deposits.
{{fig:1}}
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.
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.