RE: Resource update15 May 2024 14:06
This was in 2006:
The company will proceed with the acquisition of the gold exploration assets in Finland of Conroy P.l.c. which
have been independently valued at €1 million by CSA, a worldwide exploration management
consultancy. Conroy P.l.c. has carried out an active exploration programme for gold in Finland and has
acquired a significant knowledge of the style of gold deposition and mineralisation, in
particular in the Central Lapland Greenstone Belt. Conroy P.l.c. has built up an extensive
database on gold occurrences in the area which includes a comprehensive overview, detailed
aeromagnetic interpretation, and a review of the entire GTK geochemical database (1 sample
per 4km²). The analysis of the data was followed by the collection and analysis of over 2,300
geochemical samples. This was undertaken by the GTK on behalf of Conroy P.l.c. and
resulted in the identification of four areas of particularly attractive prospectivity for gold in
the Central Lapland Greenstone Belt.
The company proposes to continue the exploration programme over the prospective areas
which have been identified and will also continue to employ, under contract, the services of
the GTK.