Nordic Resources Limited Bolsters Finland Gold Assets with 264,000oz Hirsikangas Resource, Pushing Total to Over 1.23Moz AuEq

Monday, July 14, 2025
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8:18 am
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Nordic Resources Limited has boosted its gold portfolio with the Hirsikangas project, adding 264,000 oz to its inventory. With near-surface, high-grade zones and a total resource of 1.23Moz gold equivalent, the company is poised for significant exploration upside in Finland’s gold belt.

Nordic Resources Ltd has announced a significant upgrade to its gold resource base following an updated Mineral Resource Estimate at the Hirsikangas project in Finland. The new calculation adds 264,000 ounces of gold to the company’s inventory, bringing the combined resource across its three projects in the Middle Ostrobothnia Gold Belt to 1.23 million ounces of gold equivalent. The Hirsikangas deposit, compliant with JORC (2012) guidelines, is presented as a near-surface orogenic gold system with 7.29 million tonnes grading 1.13 grams per tonne—divided into 2.69 million tonnes in the Indicated category and 4.60 million tonnes in the Inferred category. The technical details underline a series of strong drill intersections, including wide near-surface intercepts (such as 71.3 meters at 1.12g/t Au and 44.2 meters at 1.45g/t Au) and deeper continuity (with intervals like 80.2 meters at 1.71g/t Au). Furthermore, the deposit remains open along strike over a 10-kilometer trend, with limited drilling to date suggesting further upside potential through prospects like Hanni and Hanni SE. The advanced use of Multiple Indicator Kriging for grade estimation and a comprehensive drill database supports the robustness of this resource update. Strategically, Nordic Resources Ltd is strengthening its asset portfolio by integrating the Hirsikangas project with its more advanced Kopsa gold-copper and Kiimala Trend (Angesneva deposit) projects. With over 66% of the combined resource categorized as Measured and Indicated, and with near-term plans to mobilise a drill rig to the Kopsa project, the company is well positioned to exploit the regional mining infrastructure. Existing processing facilities in the region offer additional value by potentially lowering capital expenditure and operational risks through shared infrastructure. From a sentiment perspective, the news carries a bullish tone for long-term investors. The significant upgrade in gold resources, near-surface high-grade mineralization, and strong exploration potential suggest that Nordic Resources Ltd could see increased mine planning and development activity. However, there is a cautious note for beginners to understand the inherent risks in early-stage exploration projects. Drilling risks, the variability of in situ grades, and gold price fluctuations could temper short-term performance. Overall, the resource expansion and advancement of multiple projects offer a promising outlook, albeit with the typical challenges associated with mining venture developments.

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