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The Meråker property is aligned in such a way as to cover two separate mineralized trends: one within the Kjølhaug Group and a second within the Fondsjø Group. As such, the majority of property is underlain by the two groups, along with the intervening Sulåmo Group.

The overall dip of stratigraphy is towards the west-northwest; thus the eastern and southern portions of the property are structurally lowest, and are underlain by sandstone, slate, conglomerate and greywacke of the Kjølhaug Group. Sedimentary layering is visible and generally banded on a cm to dm scale, with alternating greywacke and schist bands common throughout the area. Carbonate cement is present but rare in the greywacke units. Extensive gabbro sills are also present, generally with a strike parallel to host stratigraphy. The contact of this unit with the structurally overlying Sulåmo Group is interpreted to be tectonic. The Gilså, Lillefjell, and Anna-Ebba-Duddu showings are located within this horizon, at roughly the same stratigraphic level ~ 1 km east of the contact with the overlying Sulåmo Group.

The southwestern and central parts of the property are underlain by the Sulåmo Group, dominated by slate, sandstone, mica schist and conglomerate with minor basalt. Recorded mineralization is much sparser within this group, with only a handful of historical showings. The only significant results from modern sampling within this group are from showings in a basaltic horizon near the contact with the Kjølhaug Group. This horizon has been termed the Turifoss Greenstone by previous workers, and can be traced for 20 km of strike length (8 km of which lie within the property) with a thickness of ~1 km. It is this unit which is in tectonic contact with the Kjølhaug Group. The western edge of the Sulåmo Group is defined by a 10 m thick conglomerate unit, interpreted be a basal conglomerate and taken as evidence for the overturned nature of the stratigraphy in the area.

The northwestern portion of the property is underlain by the Fondsjø Group, composed of basalt, co-magmatic dykes and gabbro (simply termed “greenstone” in much of the historic mapping) intruded by tonalitic rocks. Structurally overlying this sequence is a series of felsic volcanic rocks, which are in turn overlain by tuffaceous sediments with interlayered pillow basalt and felsic pyroclastic rocks. A string of historic showings is present at the same stratigraphic level as the felsic volcanic rocks, with the most significant being Mannfjell and Fonnfjell.

Target Description

Lillefjell

This target is defined by several pits and an old copper mine. The length from the edge of the prospects is 800m. Sampling the bedrock and dumps show grades up to: 8.01% Cu; 17.55% Zn; 2542 ppb Au; 34.4 g/t Ag. Cobalt is also anomalous, up to 410 ppm Co.

PROSPECT SAMPLE TYPE SAMPLE ID Cu % Zn % Pb % Co (ppm) Ag (ppm) Au (ppb)
Peder Bendtz Skjerp Dump 399963 1.85 0.96 0.042 198 6.2 65
Peder Bendtz Skjerp Dump 399964 2.23 1.91 0.048 143 8.1 146
Peder Bendtz Skjerp Dump 399965 5.19 0.02 0.003 358 6.6 181
Lillefjell Dump 399967 1.10 17.55 0.585 232 16.3 140
Lillefjell Dump 399971 3.92 9.84 0.096 336 13.1 434
Lillefjell Dump 399972 5.27 5.16 0.061 233 14.7 177
Lillefjell Dump 399973 4.39 7.62 0.097 215 17.4 266
Lillefjell Dump 399974 6.09 5.96 0.110 410 20.1 164
Lillefjell Bedrock HK90-038 3.72 0.84 0.057 56 12.8 20
Lillefjell Bedrock HK90-041 8.01 3.36 0.152 355 29 193
Lillefjell Bedrock HK90-043 5.24 4.64 0.107 165 20.2 233
Lillefjell Bedrock HK90-044 9.90 1.23 0.051 75 34.4 2542
Lillefjell Bedrock HK90-046S 3.61 2.37 0.073 158 13.6 120

 

Mannfjell

Mannfjell target includes two small pits and an underground zinc mine. Mannfjell sampling data from bedrock and dumps show grades up to 4.01% Cu; >10% Zn and up to 3745 ppb Au; 157.2 g/t Ag.

PROSPECT SAMPLE TYPE SAMPLE ID Cu % Zn % Pb % Co (ppm) Ag (ppm) Au (ppb)
Gamle Mannfjell Skjerp Bedrock 1022 4.01 0.17 0.008 221 20.9 316
Mannfjell Dump TG93.058 0.66 >9.99 0.123 26 18.5 380
Mannfjell Dump TG93.060 1.52 >9.99 0.012 14 14.6 215
Mannfjell Dump TG93.061 1.74 2.40 0.007 13 20.3 323
Mannfjell Dump TG93.063 3.34 1.60 0.030 2 66.3 1083
Mannfjell Dump TG93.064 1.65 9.79 0.008 38 35.4 714
Mannfjell Dump TR-1-3 0.36 8.28 0.043 20 26.8 2657
Mannfjell Dump TR-1-4 1.02 8.33 0.167 12 25.8 482
Storbekken Bedrock TG93.008 0.32 1.09 0.009 7 157.2 3745

 

Fonnfjell

Fonnfjell target consists of a cluster of five old Cu-Zn mines and three prospects. The mine productions are reported in (Figure 1). The NGU bedrock sampling reveals grades up to 5.57% Cu; up to 10% Zn, up to 2135 ppb Au and 117 g/t Ag at Øytrø that is the most anomalous gold mineralization besides Lovlibekk, on the property.

PROSPECT SAMPLE TYPE SAMPLE ID Cu % Zn % Pb % Co (ppm) Ag (ppm) Au (ppb)
Fonnfjell Gruve Bedrock TG93.052 0.30 >9.99 0.049 9 5 75
Fonnfjell Gruve Bedrock TG93.053 2.41 >9.99 0.001 17 11.7 393
Fonnfjell Gruve Bedrock TR-9-35 0.10 >9.99 0.009 4 0.2 48
Lovlibekk Bedrock TG93.003 5.33 0.45 0.000 22 31.5 1960
Lovlibekk Bedrock TR-10-38 2.64 0.18 0.003 25 17.1 1304
Lovlibekk Bedrock TR-10-39 1.08 0.07 0.001 6 6.8 399
Midtstollen Bedrock TR-16-52 3.02 >9.99 0.001 8 7.7 235
Midtstollen Bedrock TR-16-53 5.57 1.40 0.002 7 15.5 205
Oytro Bedrock TG93.036 0.98 >9.99 0.370 13 89.5 1868
Oytro Bedrock TG93.040 1.74 9.66 0.003 15 27.2 203
Oytro Bedrock TG93.041 0.34 >9.99 0.059 6 37.6 1901
Oytro Bedrock TG93.042 1.05 >9.99 0.306 16 59.1 954
Oytro Bedrock TG93.043 1.53 9.46 0.324 11 117 2135
Oytro Bedrock TR-7-29 1.17 8.95 0.394 11 98 1591
Oytro Bedrock TR-7-31 0.03 6.46 0.031 6 40.3 1321

 

Gilså

Gilså target corresponds to an old underground mine of massive sulphides. The bedrock sampling shows grades up to 8.5% Cu; and up to 7.49% Zn, but systematically above 2.79% Zn. Some samples are anomalous in gold that can reach to 536 ppb Au and 30.3 g/t Ag.

PROSPECT SAMPLE TYPE SAMPLE ID Cu % Zn % Pb % Co (ppm) Ag (ppm) Au (ppb)
Gilsa Bedrock 399878 8.56 5.98 0.010 145 30.3 536
Gilsa Bedrock 399880 1.02 7.49 0.021 213 3.9 337
Gilsa Bedrock 399882 2.96 4.84 0.021 172 11.3 54

 

Dronningen

Dronningen target includes three prospects, a small open pit and an underground copper mine. The bedrock and pit sampling of the mineralization shows grades up to 8.87% Cu; 0.62% Zn; 285 ppb Au and 17.7 g/t Ag.

PROSPECT SAMPLE TYPE SAMPLE ID Cu % Zn % Pb % Co (ppm) Ag (ppm) Au (ppb)
Dronningen Bedrock 399884 3.92 0.22 0.003 95 9 80
Dronningen Bedrock 399887 3.70 0.10 0.002 54 85 83
Dronningen Bedrock HK90-026 8.87 0.31 0.000 120 17.7 285
Dronningen Bedrock HK90-031 3.26 0.29 0.000 15 3.8 229
Dronningen Bedrock HK90-032S 3.36 0.14 0.001 68 6.3 84
Dronningen NW Bedrock 399883 2.50 0.09 0.003 14 3.2 8
Dronningen S Bedrock HK90-025S 2.74 0.06 0.000 19 2.7 64
Dronningen SSE Bedrock 399888 2.65 0.62 0.125 62 11.3 162

 

Ebba-Vaeråsvollen

Ebba-Vaeråsvollen target covers an extensive area with eight mineral prospects aligned along 3.1 Km. The bedrock samples show grades up to 12.39% Cu; 25.91% Zn; 561 g/t Co and up to 1396 ppb Au; 472 g/t Ag.

PROSPECT SAMPLE TYPE SAMPLE ID Cu % Zn % Pb % Co (ppm) Ag (ppm) Au (ppb)
Knoll Dump 399918 2.66 23.27 0.127 326 19.6 1396
Knoll Dump 399919 1.04 25.91 0.205 215 16.7 412
Knoll Dump 399920 0.47 23.39 0.107 230 9 174
Knoll Dump 399921 0.15 15.96 0.106 200 9.4 29
Knoll Bedrock HK90-069 0.67 7.90 0.001 132 3.1 6
Knoll Bedrock HK90-072 0.25 10.00 0.149 111 12.5 739
Knoll nord Bedrock 399922 0.07 25.63 15.620 36 472 137
Knoll nord Dump 399923 0.74 22.93 0.052 63 8.1 47
Knoll nord Bedrock HK90-075 0.52 10.00 0.056 45 6 22
Skjerp 1 Bedrock 399915 0.91 12.18 0.174 145 10.5 71
Anna Bedrock 399916 9.53 0.79 0.010 88 16.6 893
Anna Bedrock 399917 9.91 0.90 0.004 101 16.9 120
Anna Bedrock HK90-059 1.97 6.69 0.143 104 13 114
Anna Bedrock HK90-061S 3.72 4.96 0.065 82 12.8 55
Anna Bedrock HK90-62 4.42 0.48 0.002 36 6.1 80
Anna Bedrock HK90-63 3.10 0.33 0.001 61 4.8 452
Duddu Bedrock 399908 5.69 9.71 0.004 146 11.5 44
Duddu Bedrock 399940 2.17 12.31 0.218 274 17.3 269
Duddu Bedrock 399941 1.62 22.96 0.904 69 46 281
Duddu Bedrock 399942 12.39 8.84 0.144 117 63.2 222
Duddu Bedrock HK90-053 2.84 5.92 0.120 244 27.3 615
Duddu Bedrock HK90-054 1.68 8.23 0.194 203 17.7 177
Duddu Bedrock HK90-055 5.02 2.22 0.068 167 41.5 468
Duddu Bedrock HK90-056 1.75 1.21 0.003 19 10.6 140
Duddu Bedrock HK90-058S 3.20 5.16 0.112 168 25 338
Ebba Bedrock 399909 4.36 0.21 0.002 391 6.4 8
Ebba Bedrock 399910 4.55 0.13 0.002 561 7.7 76
Ebba Bedrock 399911 12.20 0.25 0.002 314 14.2 17
Ebba Bedrock 399912 2.67 2.71 0.001 91 4.8 430
Ebba Bedrock 399913 6.61 0.12 0.002 386 12.1 26
Ebba Bedrock HK90-066 2.47 0.11 0.001 383 3.2 6
Ebba Bedrock HK90-068S 5.44 0.27 0.000 318 7.7 28

 

Langsundgruva

Langsundgruva target is defined by four prospects and an underground semi-massive sulphides mine. Sampling of bedrock and dumps reveal grades up to 6.30% Cu; 19.28% Zn; 24.4 g/t Ag and 229 g/t Co.

PROSPECT SAMPLE TYPE SAMPLE ID Cu % Zn % Pb % Co (ppm) Ag (ppm) Au (ppb)
Langsundgruva Dump 399898 2.08 3.40 0.004 47 4.6 92
Langsundgruva Dump 399899 0.51 7.74 0.002 143 2 54
Langsundgruva Dump 399900 0.57 8.83 0.002 153 2.7 71
Langsundgruva Dump 399937 0.73 7.45 0.001 140 3.3 87
Langsundgruva Dump 399938 1.47 7.30 0.001 274 3.5 50
Sagskjerpet Dump 399927 0.40 19.28 0.007 9 4.8 53
Sagskjerpet Bedrock HK90-091 4.18 0.43 0.001 204 24.4 26
Sagskjerpet Bedrock HK90-092 2.83 0.47 0.005 120 19.2 22
Brendthaugvollen Dump 399930 2.40 0.11 0.002 74 2.8 135
Brendthaugvollen Dump 399931 4.71 0.28 0.003 178 6.4 85
Brendthaugvollen Bedrock HK90-083 6.30 0.23 0.000 229 7 66
Brendthaugvollen Bedrock HK90-084 3.93 0.14 0.000 109 3.7 89
Brendthaugvollen Bedrock HK90-087S 4.20 0.15 0.000 133 4.1 96

 

Torsbjørk

This target consists of an underground Zn-Cu mine with semi-massive sulphides. The bedrock samples taken, show grades of up to 6.60% Cu; 2.58% Zn; 30.9 g/t Ag and 292 g/t Co.

PROSPECT SAMPLE TYPE SAMPLE ID Cu % Zn % Pb % Co (ppm) Ag (ppm) Au (ppb)
Torsbjork Gruve Bedrock TR-4-17 6.60 0.61 0.002 292 30.9 242
Torsbjork Gruve Bedrock TR-4-21 1.82 0.29 0.002 58 7.5 30
Torsbjork Gruve Bedrock TR-4-22 2.06 2.58 0.024 46 9.1 25

 

Krogstadåa

This target includes two prospects, approximately 1,250m from apart. Some limited bedrock sampling show grades up to 5.01% Cu; >10% Zn and up to 24.3 g/t Ag; 336ppb Au.

PROSPECT SAMPLE TYPE SAMPLE ID Cu % Zn % Pb % Co (ppm) Ag (ppm) Au (ppb)
Krogstadaa 2 Bedrock HK90-129 1.31 >9.99 0.075 31 17.4 336
Krogstadaa 2 Bedrock HK90-130 5.01 >9.99 0.008 23 57 90
Krogstadaa 2 Bedrock HK90-131S 2.26 8.70 0.018 30 24.3 98

 

Svartåtjern

The target of Svartåtjern consists of several mineralization occurrences in a pit suggesting previous mining. The assays at from bedrock and dumps shows up to 3.77% Cu; 0.12% Zn; 30 g/t Ag and 467 ppb Au.

PROSPECT SAMPLE TYPE SAMPLE ID Cu % Zn % Pb % Co (ppm) Ag (ppm) Au (ppb)
Svartatjern N Dump 399975 2.76 0.12 0.003 73 10.9 162
Svartatjern N Bedrock HK90-051S 3.77 0.06 0.001 126 21.5 467

 

Bjørnbeken

Bjørnbeken target corresponds to a copper occurrence without assessment or evaluation.

 

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