This is a UK-based junior company, originated in 2009, and focus on initial exploration of the Fennoscandian Shield for gold deposits. Utilising exploration techniques from stream sediments to geophysical surveys providing high quality drilling targets for other Junior company. The methodology of this company is to insure quantity over quality as the more data you can gather the more accurate your predictions are. A quote from the Hard Rocks Miner handbooks states “it takes 25000 claims to find 500 worth of diamond drilling to find one mine”. This technique has already proven to be successful with the Kukka Deposit in Finland, being developed in partnership with Kolar Gold Plc and with a new site in the Extremadura region of Spain selected for intensive field investigation.
The company has stuck by this creed and to date has completed a staggering 32 projects, 120000 soil samples, 6000 basal till samples, 26000 km of gravitational and magnet surveys, 300km of Resistivity and Induced Polarisation , 20 drill targets generated and finally a total area of reservation of 3,097 km2. All the data and samples are processed in their own laboratory which help reduces cost and utilises the new MEFFA (Multi Element Fine Fraction Analysis) technique that has a greater range of elements and accuracy compared to X-ray Refraction, while not requiring extensive sample prep. Simply seizing will be sufficient.
Their most recent targets have been in Finland, one of the best states to operate within. Good infrastructure, mining-friendly legislation, and great geology. Combine this with a hard-working team of field geologists implementing quick cost-effective field work and you have a very profitable pair. This is an excellent example of an investment opportunity in the up-stream section of the mining processes.