EMX’s Tromsø Gold project contains multiple styles of mineralization including orogenic style gold and VMS targets. The project is located in northern Norway, in the underexplored Archean Ringvassøya Greenstone Belt - the northwestern extension of Central Lapland Greenstone Belt (CLGB). The CLGB hosts multiple deposits including Agnico Eagle’s Kittila*, which is Europe’s largest gold mine.
Mineralization in the Ringvassøya Greenstone belt is hosted in hornblende schists, amphibolites and meta-sediments. Multiple occurrences in the area have never seen any thorough follow-up. Historically, exploration mainly targeted VMS occurrences but gold was never a focus. However, NGU samples showed up to 3.3 g/t Au1 in the southwestern area of the EMX claims. In 2023, EMX completed a regional BLEG program that confirmed existing anomalies and produced new anomalous basins. These are focus areas for follow-up exploration and EMX plans to use ionic leach soil sampling to identify new targets in preparation for drill-targeting.
The island maintains its own hydroelectric facility, resulting in very low energy prices.
* The nearby mines provide geologic context for EMX’s Project, but this is not necessarily indicative that the Project hosts similar grades or tonnages of mineralization
¹n = 23, avg = 0.28 g/t Au, min = 0 g/t. Historic assay values quoted above are from the NGU, Rapport nr. 98-072. EMX has not performed sufficient work to verify the published data reported above, but EMX believes this information is considered reliable and relevant. http://aps.ngu.no/pls/oradb/rf.Visdok?c_dokid=0000045362