The Mofjellet Mine: Results of diamond drilling 2005

Abstract

The report presents the results of diamond drilling carried out by MoMin AS in the Mofjellet Mine in 2005, and also some reinterpretation of older data. Twelve boreholes were drilled in 2005, distributed in three profiles, with the main target to further define an economic gold-rich mineralization related to the main sulfide ore bodies.The most interesting results from the work in 2005 were found in the western half of the deposit, where drilling in profile 43480Y revealed a possible gold-rich sulfide zone following the AKP structure, about 70-80 m long and 1-3 m wide containing on average 4,4% Cu+Pb+Zn, 20 ppm Ag and 0.9 ppm Au. More work is recommended in this area by drilling short holes from an old reailway tunnel.Interpretation of old data from the westernmost 800 m of the deposit show average grades of 3% Cu+Pb+Zn, 21 ppm Ag and 0.9 ppm Au over an average thickness of nearly 3 m. More work, including further interpretation of old data, structural geology and drilling is highly recommended in this part of the deposit to define economic resources,