Final report strengthens the opportunities for profitable mining operations in Fäbodtjärn

The work with the permit applications for test mining and exploitation concession is in progress, under the leadership of the consultant company Vatten & Miljöbyrån in Luleå. The test mining is planned to start in spring 2015, when approx. 10,000 tonnes will be blasted in the form of a pipe trench at the upper part of the gold-bearing quartz vein. The blasting will start at the widest part of the quartz vein. As previously reported, the Fäbodtjärn deposit is estimated to contain 210 kilo tonnes, with an average content of 7.1 g/t Au; the tonnage is classified in its entirety as an inferred mineral resource.

A consultation meeting has been held with the County Administrative Board and Lycksele Municipality and this week a consultation meeting was held with stakeholders in the community Vindelgransele. The meetings have been held in very good faith and there is a large interest from the landowners and the community. Discussions have also started with Rans Sami village and a legal consultation meeting will be held with them in Vindelgransele in mid-October.
“The result from the now reported investigation at LTU is very encouraging and promising. Concentration by only gravimetric methods enables the concentration to be made locally in a containerised facility and with the least possible impact on the environment. Since the quartz vein has a high gold content, there are very large opportunities for future mining of Fäbodtjärn. The project has attracted international attention and Botnia Exploration is now invited as the only Swedish company to present the project in Montreal in Canada. Together with our geologist, we have accepted this invitation. The next few months will be most interesting”, says Bengt Ljung, CEO for Botnia Exploration.
“The further investigations on the quartz vein from Fäbodtjärn show that it is possible to reach a gold yield of 90% with basic gravimetric methods if the material is coarsely ground in a rod mill. The concentrate content then becomes approx. 75 g/t Au. The processing on a shaking table should increase the gold content to approx. 300 g/t, but hardly more since most of the gold occurs as the mineral electrum and as inclusions of electrum in sulphide mineral”, says Docent Bertil Pålsson, responsible for the investigations at LTU.
For further information, please contact:
Bengt Ljung, CEO – Botnia Exploration
Phone: +46 705 431605
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