Nordic Iron has applied for, and been granted, an extension of the exploration permit Blötberget No. 5. The reason for the extension is that the exploration work carried out so far on the continuation of the mineralization in a southeast direction at depth indicates very good results. Continued successful exploration of the area may lead to a further increase in Nordic Iron's mineral resources.
The seismic surveys conducted last year in collaboration with Smart Exploration generated clear target areas for drilling. The extensive drilling program subsequently carried out demonstrated a continuation of the mineralization down-plunge.
"With an extension of Blötberget No. 5 as well as the recently obtained permit for Blötberget No. 7, we can follow up on these good results and continue to investigate how far the mineralization extends in a southeast and westward direction," says Ronne Hamerslag, CEO of Nordic Iron.