Arctic Minerals AB (publ) announced that it has received positive results from the geophysical survey carried out during the 2022 field season at its 100%-owned Bidjovagge gold-copper project in Norway. The results of the latest survey confirm the interpretation of previous drilling and geophysics that the ore zone continues both to the west and north of the original mining area. Ground electromagnetic surveys were carried out on two exploration permit areas at Bidjovagge in the summer of 2022.

One survey covered ground to the west of the old mine and one to the north. The first survey was located to the west of the original mining area and covered a part of the western limb of the Bidjovagge anticline. This is an area previously overlooked for exploration, previous mining having been carried out only on the eastern limb of the anticline.

The survey confirmed the likely existence of new ore zones previously identified from historic drill records. The area is the site of multiple high-grade historic drill intersections, including: Drillhole N300C: 0 metres @ 33.8 grams/ton gold and 2.21% copper, and Drillhole S49D: 2 metres @ 8.55 grams/ton gold and 2.0 % copper. The second survey was located to the north of the original mining area.

The results confirm earlier geophysical work which indicated that the ore zone continues north from the mine and dips at a shallow angle underneath the younger Caledonian rocks. The ores in the ore zones are hosted by albite felsite - alteration product of volcanics and graphitic schists - and the ores are associated with graphitic schists. Since the graphite schists are highly conductive, electromagnetic geophysical surveys, combined with geology and other observations, are excellent tools for following the conductive zones and indirectly also for localizing ores along the ore zones.