Skarn-style W project of roughly 98.0 km² in Central Norway.
Teako’s 100% owned Tosbotnet Tungsten Project spans 98 km2 and is located in the Brønnøy Municipality at the northeastern end of Tosen Fjord, Nordland. Exploration within the licence area has been limited to reconnaissance work carried out in the 1970s. Geologically, the area is composed of three main units: the Bindal granitic intrusion in the west, calcsilicate gneiss in the east, and a central north–south trending sequence of metamorphic rocks including gneisses, marble, hornblende schist, and minor peridotite. Later granite intrusions produced local skarn occurrences which hosts the area’s scheelite mineralization. Also, sulphide minerals such as chalcopyrite, pyrite, and sphalerite occur within fracture zones in the skarns. Historical sampling reported an average grade of 0.15 % W across 12 samples, with a maximum value of 0.70 % W (Skaarup, 1973)1. Exploration was conducted in the early 1970s through a joint program involving Norsk Hydro, Sydvaranger, the NGU, and the University of Copenhagen. Their reconnaissance mapping and sampling identified several scheelite occurrences, but exploration has not progressed beyond basic field investigations. The project therefore remains largely underexplored and requires modern exploration to evaluate its mineral potential.
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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
BV3413: Skaarup (1973). Geologisk sammendrag, Kjelviktind forekomsten, sporelementanalyser og prospekteringsmessige aspekter i Bindalsområdet.
BV560: Hyssingjord (1974). Wolframprospektering i Bindalsområdet.
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.