09:00:42 EDT Fri 10 Jul 2020
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Nordic Gold Inc
Symbol NOR
Shares Issued 222,292,740
Close 2019-12-02 C$ 0.025
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Nordic Gold begins drilling at Otso

2019-12-03 10:22 ET - News Release

Mr. Clyde Wesson reports


Nordic Gold Inc. has begun drilling on site. The drilling is being completed as per previously announced in the company's corporate update dated Oct. 22, 2019.

The drill program is primarily diamond infill drilling, with the current phase being completed to evaluate the southern extension of the north pit. The southern extension of the north pit lies between the two initial pits. All drilling will be oriented drilling at an angle of 50 degrees to the north and will be 57.5 millimetres (mm). The core samples will be prepared in Oulu, 85 kilometres (km) from site, and then sent for comprehensive inductively coupled plasma (ICP) analysis.

The ICP analysis results will then be used in Tetra Tech's live model to provide real time results to ensure that the drill program is continually optimized. Nordic Gold, Westech and Tetra Tech have been working closely to ensure the drill program yields a deeper understanding of the mineralization.

As per the corporate update, the infill drilling program is being completed to support the feasibility level restart study and the optimized mine plan with a view to a July, 2020, restart of operations at the Otso gold mine (formerly known as the Laiva gold mine).

The company will update the market on the results of the drill program as they become available.

The chief executive officer and president of Nordic, Brian Wesson, commented: "I would like to thank our team on site and partners at Tetra Tech for their hard work in designing the program, securing contractors and beginning the drill program on site. The drilling has achieved excellent penetration rates and we look forward to the results. The beginning of drilling marks another milestone in the redevelopment plan previously announced and another step towards production."

The technical disclosure in this news release has been reviewed and approved by EUR ING Andrew Carter, BSc, CEng, MIMMM, MSAIMM, SME and a qualified person as defined by National Instrument 43-101.

About Nordic Gold Inc.

Nordic Gold wholly owns the Otso gold mine near the town of Raahe in Finland. The Otso gold mine is fully built, fully permitted, has all infrastructure in place, two open pits and is progressing toward a July, 2020, restart of two-million-tonne-per-annum operations.

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