Norway is EMX’s most recent exploration initiative in Scandinavia. EMX commenced a program earlier in 2014 to evaluate opportunities in Norway, and acquired the Tynset and Burfjord properties through staking open ground. Tynset hosts multiple exposures of gold-enriched VMS-style mineralization near the historic Røros mining district in southern Norway. Burfjord, located in northern Norway, hosts gold-copper targets hosted in metamorphic rock sequences and is marked by numerous historic prospects, as well as outcropping copper and gold mineralization identified by the Norwegian Geological Survey.
In late 2016 the Burfjord and Tynset project was acquired by Boreal Metals Inc., (BMC). EMX holds a 19.9% equity ownership in BMC plus an uncapped 3% NSR on the property. See Company news release dated November 22, 2016 for more details.