TSX.V : NORA | Frankfurt : 1KO | OTC : NRRMF

The Meråker property is composed of twenty-one contiguous mineral licences totalling 20,600 ha (206 km2) in area in the Meråker municipality of Trøndelag County, Norway.

The area covered by the property is generally hilly, with vegetation dominated by boreal forests with a sub-arctic climate. Field work is possible from late spring until early fall, with drilling operations possible year-round.

Bedrock geology of the property is dominated by a series of Cambrian to Ordovician age marine metasedimentary and metavolcanic sequences belonging to the Trondheim Nappe Complex. These units have all been deformed and metamorphosed during the Silurian-Devonian Caledonian Orogeny, and presently sit within the Uppermost Allochthon of the Scandinavian Caledonides. The property is underlain by the Kjølhaug, Sulåmo and Fondsjø groups, all of which host documented occurrences of volcanogenic massive sulphide (VMS) style mineralization, though the density of showings is greater in the Kjølhaug and Fondsjø groups than the Sulåmo. The units underlying the Meråker property are correlative to those found in the Røros area, a prolific mining district approximately 100 km south of the property.

There is a long history of mining on the Meråker property, with production of copper ore from VMS deposits dating back to the 1700’s and continuing until the early 1900’s. The Norwegian Geological Survey (NGU)’s databases of surface rock samples and mineral occurrences both record an abundance of mineralized locations scattered throughout the property, with economically significant values of copper, zinc, gold and silver at multiple locales. Private companies have conducted exploration scale surface work and very limited diamond drilling on the many VMS showings throughout the property, with the most significant work programs being: geophysics, surface geochemistry and drilling in the late 1960’s; soil sampling and airborne geophysics by the NGU in 1991 – 1992; and mapping, soil/silt geochemistry and ground-based geophysics from 1998 – 2001. Prior to acquisition of the exploration licences by EMX, mineral tenure had been allowed to lapse by the prior rights holders.

Reference: 2021 Technical Report on the Meråker Project by David Swanton, M.Sc., P.Geo. dated January 26, 2021