Located in northwestern Norway, about 100 kilometers southwest of the Nussir Copper project, Burfjord hosts more than thirty historic mines and prospects with outcropping copper and gold mineralization. Base metals were the focus of previous work, but gold mineralization was documented by the Norwegian Geological Survey in the mid-1990’s, and has not been followed up. Host rocks are metavolcanics, and mineralization is present as both stratabound and vein occurrences.
The geology of Burfjord is highly favorable for the development of gold and gold-copper deposits, with tectonically deformed and dismembered mafic metavolcanic rocks hosting quartz ± calcite, albite and actinolite veins, vein networks, hydrothermal breccias, and lenses of disseminated sulfide (pyrite-chalcopyrite ± pyrrhotite, arsenopyrite) mineralization. EMX sees discovery potential throughout the 55 square kilometer permit area.
In late 2016, a definitive agreement was executed with Norden Crown Metals Corp. (NOCR) which provided for the sale of EMX’s Burfjord project along with other exploration projects in the Company’s Scandinavia portfolio. Upon closing, EMX will hold a 19.9% equity ownership in NOCR plus an uncapped 3% NSR on the property. See Company news release dated November 22, 2016 for more details.
Only limited exploration has taken place at Burfjord in the modern era and before Norden Crown’s recent reconnaissance drill program only one prospect area had been drill tested. The best historical drill intercept consists of seven meters @ 3.6% copper, and was obtained from the Cedarsgruve (mine) area in the northern portion of the claim block. The discovery of the 32 meter wide zone with grades of 0.56% copper and 0.26 g/t gold at the Gamlegruve workings in the southern part of the property confirm the broad style of mineralization observed in the widespread artisanal workings. (See Norden Crown News release dated March 20, 2019 for more details)
Notes: The nearby mines and deposits mentioned above provide context for EMX’s Project, which occurs in a similar geologic setting, but this is not necessarily indicative that the project hosts similar tonnages or grades of mineralization
The samples are reported by Norden Crown Metals. EMX has not performed sufficient work to verify the published assay data reported above, and these data cannot be verified as being compliant with NI43-101 standards. https://www.nordencrownmetals.com/projects/burfjord-iocg/