KAAPELINKULMA

Kaapelinkulma Gold Project

Kaapelinkulma is an advanced exploration project, 65 kilometres west of the Vammala Production Centre. Two zones of gold mineralisation have been identified, both associated with a north-northwest trending shear zone.

The Mineral Resource for the Kaapelinkulma project was updated following completion of a 44 hole in-fill program in 2010. The updated Indicated and Inferred Resource totals 183,000t @ 4.1 g/t gold for 24,000 ounces from the two deposits.

The larger southern deposit represents a modest shallow, medium grade body of gold mineralisation, which remains open in several directions. 

Internal mining studies have been completed and an Environmental Permit has been granted by the Regional State Administration Agency of Western and Inner Finland.  The Mining Licence application remains pending.