First Nordic Metals

First Nordic Identifies New Multi-Kilometric Gold Anomaly and Returns Highest BoT Drilling Grades To Date at Paubäcken Project

First Nordic Identifies New Multi-Kilometric Gold Anomaly and Returns Highest BoT Drilling Grades To Date at Paubäcken Project

June 17, 2024, Vancouver, BC – First Nordic Metals Corp. (the “Company” or “First Nordic”) (TSX.V:FNM, OTCQB:FNMCF, FRA: HEG0) is pleased to report results from its recent belt-scale glacial till geochemical survey and top-of-bedrock / base-of-till (“BoT”) drilling program targeting orogenic gold mineral systems at its 100%-owned Paubäcken project (“Paubäcken” or “the Project”) located in the Gold Line belt, northern Sweden. Paubäcken encompasses approximately 30 kilometers (“km”) of first-order structural corridor (strike length) of the Gold Line Belt and is located 30 km south of the Company’s resource-stage Barsele project [1]. To date, three multi-kilometric, distinct structural targets have been identified along / off the property’s main corridor (Aida, Harpsund, and Brokojan).


  • Discovery of Brokojan target – a large (2.3 km by 1 km) orogenic gold system multi-element pathfinder till anomaly; together with the adjacent Harpsund target, these two targets now form a large, semi-continuous southeast-northwest trending anomaly over a 5.5 km strike.
  • Extension of bedrock anomalism along the Aida structural target by approximately 1 km, to 1.5 km now tested and confirmed for gold mineralization.
  • Follow-up exploration programs planned in 2024 to continue to advance targets to drill testing stage.

Taj Singh, President and CEO states: The latest results from the district-scale Paubäcken project are highly encouraging. A brand new multi-kilometric anomaly was discovered which, when combined with a previously identified Harpsund anomaly, forms a 5.5 km long target area along the Gold Line belt. To put this in context, the Company’s Barsele project resource footprint length is approximately 3.5 km long. Additionally, on the high-priority Aida target, BoT drilling returned 5.01 g/t gold, the highest value to date, and an additional 1 km of footprint was tested and confirmed as anomalous for gold mineralization. We look forward to continuing target delineation BoT drilling activities across the Paubäcken in 2024 as well as diamond drilling at high-priority areas.

Paubäcken Exploration Program

3,050 regional B-Horizon (below topsoil) till samples were collected covering 1,350 hectares over a 12 km strike length of the northern extent of the first order Gold Line Belt structural corridor, and 1,181 metres (“m”) in 71 BoT drill holes were completed along the Aida structural corridor target.

For BoT sampling, two BoT samples from directly above the till bedrock interface and two bedrock samples within the top of bedrock are collected for all drill holes. All samples are screened with X-ray fluorescence (“XRF”) and analysed using a multi-element suite at MSALABS in Storuman, Sweden. For glacial till geochemical sampling, all samples are collected from the glacial till derived B-Horizon soil layer (subsoil) and screened using handheld XRF for pathfinder elements. Anomalous areas identified will be tested for gold at an external laboratory. 

Surface Till Sample Results

Results from the till sampling program have identified a second large gold pathfinder anomaly (Figure 2) northwest of the previously identified Harpsund 2.5 km by 1 km Au-As-Cu-Zn-Mo anomaly(gold-arsenic-copper-zinc-molybdenum) along the same structural corridor. Results from the till sampling program identified the Brokojan target, defined by a As-Cu-Zn-Mo pathfinder element till anomaly extending over 2.3 km by 1.0 km. The two targets now form a large, semi-continuous southeast-northwest trending anomaly over a 5.5 km strike of the Harpsund structural corridor. Both anomalies are oriented in the prominent ice flow direction. The survey focused on identification of orogenic gold and VMS (volcanogenic massive sulphide) type mineral systems known to be present in the Gold Line Belt. All surface till samples were analysed using a portable XRF and follow up analyses will test the anomalous samples for gold. Both anomalies are coincident with historic ionic leach gold-in-till anomalies (Figure 3). 

Geologic Interpretation of the Brokojan and Harpsund Targets

The geology of the Harpsund target area (Figure 4) consists of a complex sequence of folded and sheared coarse to fine grained metasedimentary units that have been intruded by a series of felsic dykes and gabbroic units. The Harpsund structural corridor forms a southwest trending second order splay structure off the regional north-northwest trending Gold Line belt first order structure. The Harpsund target lies within the hinge of the second order structural corridor and the Brokojan target at the intersection of the first and second order structures. All sedimentary units demonstrate a dominant penetrative fabric and strong schistosity, and folding is isoclinal, indicating a high strain environment. Gold mineralized quartz veins previously mapped and sampled within the Harpsundtarget area are preferentially hosted within felsic dykes due to strong rheological contrast with surrounding metasediments.  

BoT Drilling Results at Aida Target

Results from the BoT drilling program (Figure 5) were positive and extended anomalism along the Aida structural corridor to >1.5 km, including the highest BoT sample result todate on the Project, 5.01 g/t Au in hole PAU-23-BoT-065. The latest BoT drilling tested portions of the structure to the north and south of previous BoT and diamond drilling. The Aida structural corridor target lies under up to 25 m of glacial till cover and has been identified over 4 km in strike using magnetic geophysical data. Approximately 2.5 km of the target area remains completely untested, and the Company plans to continue target delineation BoT drilling activities in 2024. 

Results from a sub-parallel structure zone were also positive with multiple bedrock samples encountered that are anomalous against background. The latest BoT program continues to demonstrate the size potential of the Aida target and follow up BoT drilling is planned for H2 2024 over the remaining untested 2.5 km strike of the structural corridor to develop targets for follow-up drill testing. The Aida target lies within 3.5 km of the past producing Svartliden gold mine, owned and operated by Dragon Mining Ltd (“Dragon”). The Svartliden mill and processing plant is still operational, and processes concentrate ore from Dragon’s operations in Finland.

Geologic Interpretation of the Aida Target

The geology of the Aida target consists of a sequence of isoclinal folded and sheared fine to coursegrained metasedimentary and metavolcanic units. The Aida structural corridor forms a 4 km long north-northwest trending second order structure sub-parallel to the regional first order Gold Line belt structure corridor. All units demonstrate a dominant penetrative fabric and schistosity, and folding is isoclinal, indicating a high strain environment. Mineralization is mainly hosted within the mafic volcanic and to a lesser extent coarser grained metagreywacke units that make up the foot wall. No mineralization is present within the finer grained black shale units that make up the hanging wall lithology. Mineralization is associated with arsenopyrite and both laminated and non-laminated quartz veins and has an affiliation to the highest strain zones of the mafic volcanic unit located at the footwall contact between the metavolcanic host and metagreywacke footwall units. 

About the Paubäcken Project

The Paubäcken project consists of three licenses totalling 17,097 ha that cover the central part of an emerging district in north central Sweden known as the “Gold Line belt”. The Gold Line belt is host to several significant gold deposits, including the Company’s nearby Barsele project (operated as a joint venture between the Company and Agnico Eagle Mines Ltd.) as well as the Svartliden mine and Fäboliden development project (operated by Dragon Mining Ltd). The Svartliden mine was in production from 2005 to 2015 and a total of 3.18 million tonnes of material grading 4.1 g/t Au was processed during its operation ( Paubäcken is strategically positioned between Barsele and Fäboliden, is a few hundred meters northeast of the Svartlidenmine, and features a regional shear zone with multiple untested gold anomalies.

About the Gold Line Belt Geology

The geology of the Gold Line belt consists of an inverted volcano-sedimentary sequence intruded by small pre- to syn-kinematic granitic intrusions within a broad, anastomosing high strain structural corridor. Lithologies are regionally metamorphosed to upper greenschist and amphibolite grade facies, and gold mineralization is associated with intense sericite, carbonate, biotite, and calc-silicate alteration assemblages and sulphide minerals pyrite, arsenopyrite, and pyrrhotite. The regional Gold Line structural corridor runs up the axis of the belt with many jogs, splays, and zones of structural complexity that are potential locations for dilation and deposition of gold bearing fluids. These lithological sequences are deemed to be highly prospective for orogenic gold deposits.

About First Nordic Metals

First Nordic’s flagship is the Barsele gold project, located in Sweden and in a joint venture with senior gold producer Agnico Eagle Mines Ltd. The Barsele project currently hosts a combined open pit and underground NI 43-101 Indicated Resource of 324,000 ounces gold and an Inferred resource of 2,086,000 ounces gold [1]. Immediately surrounding the Barsele project, First Nordic is the 100%-owner of a district-scale license position of close to 100,000 hectares on both the prolific Gold Line belt and Skellefte VMS belt. Additionally, in northern Finland First Nordic holds the entire underexplored Oijärvi greenstone belt.


Taj Singh, M.Eng, P.Eng, CPA

President & CEO, Director

Qualified Person

Benjamin Gelber, P. Geo., Chief Technical Director of the Company, is the Qualified Person as defined in NI 43-101 and takes responsibility for the technical disclosure contained within this news release.


[1] Technical Report and Mineral Resource Estimate for the Barsele Property, 2020, InnovExplo

For further information contact:

Alicia Ford, Business Development Manager

Phone: 403-604-9646, Email: [email protected]

Follow First Nordic Metals:

Twitter: @fnmetals |  Youtube: @firstnordicmetalscorp  |  LinkedIn: @firstnordicmetals

Facebook: @FirstNordicMetals |  Instagram: @firstnordicmetals

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements:

This News Release contains forward-looking statements, including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and Barseleundertakes no obligation to update such statements, except as required by law.


Figure 1: Gold Line Belt project area with regional geology, showing locations of 2023/24 exploration programs.
Figure 2: Map of Paubäcken project area showing regional till sampling geochemical results
Figure 3: Map of Paubäcken project area showing historic ionic leach gold-in-till results
Figure 4: Geological map of the Harpsund structural corridor
Figure 5: Map of the Aida Target area showing BoT drilling results and recent extension of confirmed gold mineralization

Share this article

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the terms and conditions of the Arrangement, timing for the hearing for the final order of the Supreme Court of British Columbia to approve the Arrangement and the timing and ability of Gold Line to complete the Arrangement. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Gold Line’s respective management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Gold Line believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of Gold Line. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability to obtain necessary approvals in respect of the Arrangement, the ability to consummate the Arrangement,; the ability to obtain requisite court approvals and the satisfaction of other conditions to the consummation of the Arrangement on the proposed terms and schedule; the potential impact on exploration activities; the potential impact of the announcement or consummation of the Arrangement on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; the re-rating potential following the consummation of the Arrangement; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation; and the diversion of management time on the Arrangement. This forward-looking information may be affected by risks and uncertainties in the business of Gold Line and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Gold Line with the Canadian securities regulators, including Gold Line’s financial statements and related management’s discussion and analysis for the financial year ended December 31, 2022 and its interim financial reports and related management’s discussion and analysis for the period ended September 30, 2023 filed with the securities regulatory authorities in certain provinces of Canada and available at

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Gold Line has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.