Tag: Gold

  • Gold and Thorium found in Tromsö

    Gold and Thorium found in Tromsö

    Map of Vanna, Tromsö

    High gold prices have led to extensive search for the material. In northern Norway a new gold discovery could become very valuable, but the expedition not only found gold.

    In Vanna in Tromso, Norway, industrial chemicals were newly found; one of them is Thorium, a rare earth element.

    Thorium is a natural radioactive chemical element which countries plan to use for their nuclear power for various reasons, including its safety benefits, its high absolute abundance and relative abundance compared to uranium.

    It was discovered in 1828 and named after Thor, the god of thunder.

    Other material includes copper, platinum, nickel, zinc, lead and especially gold.

    Airplanes and helicopters were used for the studies the found was confirmed with further studies.

    Although the discovery has been made, there is no confirmation as of yet if production in the area will begin. Despite a lot of interest in the area, the amount still has to be calculated more accurately, the availability, distance to markets, capital, environmental, local interests, and many more will have to be taken into consideration first.

    Source: Aftenposten

  • Gold and copper found in Finnmark

    Gold and copper found in Finnmark

    Gold find in Njivlojàvri

    Scandinavian Resources have announced a major find of gold and copper in Finnmark, Norway.

    The highlights of the findings revealed 32,1 % copper and 3,75 g/t of gold, according to BarentsObserver.

    “The most important task now is to determine if an economic source to this surface mineralisation exists within our project area; that is what we will focus on next summer. This is a great start and whilst it’s early days it’s very exciting to be chasing such high grade precious and base metals occurrences, Exploration manager Amanda Arrowsmith told BarentsObserver.

    Exploration in the surrounding areas will continue, as well as search for iron in Northern Sweden.

    Source: Barentsobserver & Scandinavian Resources statement.