(AktieTorget: BOTX). Botnia Exploration Holding AB has signed a letter of intent with a major international mining operator, with the intention to start negotiations to produce an agreement regarding exploration co-operation in the Vindelgransele area for the exploration permits Granselliden no. 2, Granselliden no. 3, Stenberget no. 3, Forsheden no. 1, Forsheden no. 2, Ekorrberget no. 1, and the exploitation concession Vargbäcken K no. 1.
Kallelse Annual General Meeting March 30, 2011 in Botnia Exploration Holding AB (publ) Botnia Exploration Group annual report 2010 Styrelsens complete proposals for decisions on Botnia Exploration Holding AB (publ) Annual General Meeting March 30, 2011
Botnia Exploration is pleased to announce that Dragon Mining has exercised its right to acquire 60% ??of the area Harpsundsvägen in…
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Botnia identifies new potential area through new assay results from the summer exploration efforts southwest and west of the known gold deposits at Fäbodliden C and Middagsberget. These results strengthen the indications for this new potential gold deposits.
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See Redeye interview with Botnia Exploration’s CEO Bengt Ljung
Just returned from Toronto in Canada and the annual exploration event PDAC, it is challenging to recapitulate the position of Botnia Exploration in comparison with the global exploration world. In place in Toronto, we were approx. 30 000 participants from all over the world. Lots of small so-called junior companies – a concept that also Botnia Exploration falls within – and of course investors and analysts, mixed with the leading mining companies in the world. Together with our chief geologist Frank van der Stijl, we had the opportunity to meet a large number of colleagues and potential stakeholders of Botnia Exploration.
New results from exploration drilling in the Vindelgransele area enlarge the extent of the goldbearing quartz vein in Fäbodliden C at depth and confirm its continuity with high contents of gold. Very high gold grades with visible gold in all reported holes increase the expectations for a potential gold resource.
As previously reported, Botnia Exploration Holding AB and Björkdalsgruvan AB has signed an agreement on test concentration of the gold mineralisation Vargbäcken, located in Vindelgransele. The concentration is now completed and in total 8,000 tonnes have been processed.
The world’s mining companies produce in total approximately 2,700 tonnes of gold every year. The time between new findings of large gold occurrences becomes longer, while the reserves in existing mines are extracted at a faster rate as a result of more efficient technology.
Stenkulla is a project within Rare Earth Elements (REE). So far, only boulder tracing has been performed. No investigation drillings are currently planned for.