Swampy Mountain (Vatmyrberget)
This Project Summary was last updated 2009-10-21 07:29:24.
Våtmyrberget Project-permit location and access and the historic Näsberg iron mine-IMAGE
Tenure
Three permits covering an area of 54km2 were applied for and granted 2008. The permits are located within the Municipality of Piteå. The permits are held in the name of Hannans Scandinavia AB, a wholly owned subsidiary of Scandinavian Resources Ltd.
Regional & Local Geology
The Våtmyrberget Project covers part of the Näsberget layered mafic intrusive first identified by geologist Birger Filén. The Näsberget layered mafic intrusive belongs to the Jörn Intrusive Suite (1.90-1.88Ga) which also includes rocks of granodiorite, tonalite, monzonite and quartz-monzonite. Younger (1.88-1.86Ga) Svecofennian supracrustal rocks of the local Arvidsjaur Group surround the Näsberget layered mafic intrusive mainly to the west and north. The Arvidsjaur Group is dominated by felsic volcanics including trachydacite, quartz, feldspar and quartz-feldspar porphyritic rhyolite and dacite. The mafic component of the Arvidsjaur Group consists of basalt and andesite. Minor polymict conglomerate is found in the north of the Våtmyrberget Project. The Näsberget layered mafic intrusive contains both igneous and model layering which generally strikes northeast-southwest and dips steeply to the northwest. Minor ultramafic layering, consisting of thin bands of hornblendite, occurs in the south east of the intrusive (Filén 1988). The intrusive is considered prospective for iron, copper, nickel and platinum group elements (PGE’s).
The Våtmyrberget Project is also considered prospective for IOCG mineralisation given its proximity to a major, crustal scale, deformation zone located to the east of the Våtmyrberget Project and the presence of felsic volcanic rocks belonging to the Svecofennian aged (1.88-1.86Ga Arvidsjaur Group; this particular geological setting is very similar to that of the Kiruna district which hosts numerous Kiruna-type IOCG deposits.
Previous Exploration & Mining History
Iron ore was found at Näsberg as early as 1832 and mining started 5 years later. By 1833 the Mines Inspector had visited the discovery and noted that the ore occurs as veins which contained sulphides (pyrite). Ore sorting was by hand however production was minimal and by 1908 the mine had closed. Since the closure of the mine, numerous rock chips have been collected throughout the Våtmyrberget Project area; namely along the Byske River where in situ rock exposures can be found.
In 2004, Boliden AB held ground covering part of Scandinavian Resources Ltd current permit area and also ground to the south; two diamond holes were drilled outside of the current permit area. The holes intersected gabbro, andesite and minor tonalite; no significant assays were reported. Boliden AB also collected detailed field mapping measurements of the area.
Exploration Completed
Recent work by Scandinavian Resources Ltd has included limited prospecting and rock chip sampling. Multi-element anomalism was encountered from three samples collected from felsic volcanics near the northern contact of the Näsberget layered mafic intrusive; results include 8.7ppm Ag, 0.9% Cu, 2,470ppm W, 0.1ppm Au (KS08204), 4.56% Cu, 32.5 ppm Ag, 1,540 ppm W, 0.1 ppm Au (KS08105) and 29.8 ppm Ag, 2.47% Cu, 32.3% Fe, 370 ppm W, 0.39 ppm Au (KS08106). The characteristic metal assemblage of iron-gold-copper-bismuth-cobalt-vanadium-tungsten-molybdenum indicates a fractionated (A-type) magmatic system as the source for the potential ore fluids at Våtmyrberget with considerable potential for magnetite copper-gold skarn and porphyry copper-gold style (molybdenum-tungsten rich) mineralisation developed above and around the magmatic source rocks.
Two samples have been collected from the Näsberget layered mafic intrusive and returned values of: 3,670 ppm Cu, 2,570 ppm Ni, 516ppm Co and >50% Fe (KS08108) and 13.3 ppm Ag, 1.64% Cu, 0.18 ppm Au (KS08101).
NEWS FLOW...
January 31, 2012
2nd Quarter Activities Report
KIRUNA IRON PROJECT
- Global JORC Mineral Resource increased to 473Mt @ 40% Fe
- Global JORC Exploration Target increased to 203-273Mt @ 32-40% Fe
- JORC Exploration Target for Altavaara increased to 55-60Mt @ 26-29% Fe
- Excellent metallurgical results received from Rakkuri Project
- High grade iron results received from Harrejaure Project
- Iron results received from Renhagen Project
- Wide, low grade iron intercepted at Altavaara Project
PRECIOUS & BASE METALS PIPELINE
- Copper-gold discovery made at Njivlojávri Project, Norway
- Copper discovery made at Fiskarfjellet Project, Norway
- Exploration results from Ringvassøya Project, Norway
- New gold-copper project granted in Northern Sweden
CORPORATE UPDATE
- Completion of acquisition of iron permits from Grangesberg Iron
- Completion of Rakkuri Project purchase
- Investments banks mandated to raise capital for Kiruna Iron project
November 1, 2011
Copper and Gold Discoveries
- Copper-gold discovery made at Njivlojávri Project, Norway
- 32.1 % Cu, 3.75 g/t Au (KA11029)
- 7.46 % Cu, 5.93 g/t Au (KA11030)
- Copper discovery made at Fiskarfjellet Project, Norway
- 2.09% Cu, 7.6g/t Ag (AL11058)
- 1.61% Cu, 7.4g/t Ag (AL11059)
- 1.47% Cu, 6.0g/t Ag (AL11060)
- 1.03%Cu, 6.3g/t Ag (AL11061)
- Field work to recommence in European 2012 summer
- Gold and base metals pipeline continues to grow
October 31, 2011
1st Quarter Activities Report
KIRUNA IRON PROJECT
- JORC resource 1 significantly exceeded targets:
412.1 Mt @ 39.9% Fe
- The global JORC Exploration Target 2 is now:
218 - 323Mt @ 32 - 39% Fe
- Cooperation agreement signed with Boliden Mineral AB, a leading European metals company, allowing Kiruna Iron AB (KIAB) to earn 100% interest in Lannavaara iron rights
- Preliminary metallurgical testwork confirms that Kiruna Iron Project mineralisation could produce a high quality iron concentrate of +70% Fe
- Phase 1 exploration drilling has now been completed for a total of 14,224m, excellent results received from Rakkurijoki Prospect, Puoltsa Prospect, Laukkujärvi Prospect and Harrejaure Prospect; detailed ground geophysical surveys commenced at Rakkurijärvi
PRECIOUS & BASE METALS PIPELINE
- 19 projects within pipeline
- IP survey completed at Särksjön Project which identifies significant conductive anomaly
CORPORATE STRATEGY UPDATE
- CanaccordGenuity and Pareto Securities appointed as financial advisors to Kiruna Iron with the mandate to assist in funding the development of the Kiruna Iron Project
July 29, 2011
4th Quarter Activities Report
- Kiruna Iron Project
- Acquisition of Strategic Iron Permits
- Diamond drilling in progress throughout Quarter
- Encouraging iron and copper assays received
- Metallurgical test work in progress
- Environmental and social impact studies in progress
- Permitting and planning in progress for Q3 2011
- Modelling for maiden JORC resource in July
- Precious Base Metals Pipeline
- 19 projects within pipeline
- 4 new gold prospects applied for in Finnmark, Norway
- Field mapping and sampling completed at five of the seven new Finnmark prospects
- Geophysical surveys completed at Ankarvattnet and Särksjön
- Mrs Christina Lundmark
- Joined the Exploration Team on 1 July 2011
More...
April 29, 2011
3rd Quarter Reports
- 10,000m diamond drilling programme at Kiruna Iron Project commenced in January
- Drill program proceeding well with first batch of assays and interpretation scheduled to be available during May
During the 3rd Quarter more than 3000m of diamond drilling was completed at the Kiruna Iron Project through the Companies’ wholly-owned Swedish subsidiary Kiruna Iron AB. This drilling is part of a planned 10,000m of drilling to be completed ahead of a JORC inferred mineral resource update scheduled for July 2011.
The success of the exploration holes drilled to date have provided encouragement that additional tonnage may be added to the current JORC inferred resource.
More...April 3, 2011
International Company Continues to Invest with the Wind at our Backs, Norra Västerbotten Magazine
INVESTMENT: Damian sees Mala as a natural hub for exploration
“A fabulous development!” a decription by Olof Forslund of an exploration company, Scandinavian Resources, which has rapidly grown and gained international importance by using Mala as a hub. The Company is now investing heavily in Norrbotten.
More...January 31, 2011
2nd Quarter Activities Report
- Drill planning at Kiruna Iron Project well advanced
- Sámi landholder consultation initiated
- Final assay results from Famnvatnet
- Acquisition of 100% interest in major project from Anglo America and Rio Tinto (Rakkuri Project)
- Total convertible loan funding increases to $3.75m
November 11, 2010
BRR Interview - Updates on the Kiruna and Swedish Caledonides Projects
Click here for the interview with Scandinavian Resources Chairman, Mr Damian Hicks
Click here for more BRR interviews
October 31, 2010
1st Quarter Activities Report
Highlights
Kiruna Iron Project (Sweden)
- Excellent preliminary metallurgical test work results from multiple iron prospects
- Winter drill planning commenced
- Kiruna Iron AB incorporated
Lake Embrace (Famnvatnet) Project (Norway)
- Diamond drilling of geophysical targets completed (25 holes for 2,335 metres), assay results for 21 holes pending
- New boulder assays returned include:
- KS10046: 0.19g/t gold, 423g/t silver, and >30% lead
- KS10057: 0.55g/t gold, 151g/t silver, 9.4% lead and 9.95% zinc
- SB10040: 1.74g/t gold, 102g/t silver, 1.88% copper, 3.85% lead and 12.75% zinc
- SB10043: 0.15g/t gold, 407g/t silver and >30% lead
- Permit position expanded
Bleikvassli Project (Norway)
- New project established
Gjetarfjellet (Norway)
- New project established
Daningen Project (Sweden)
- High grade copper assays from outcrop
- New permit position
- One bedrock samples from new permit returned 5.2g/t silver and 6.7% copper
Särksjön Project (Sweden)
- High grade gold and base metal assays from outcrop
Sielkentjakke (Sweden)
- High grade copper assay from outcrop
More...
July 30, 2010
4th Quarter Activities Report
KIRUNA PROJECT
- Significant iron ore inventory established at Kiruna Iron Project
- Joint Venture with Tasman Metals (TSXV:TAS)exposes company to further iron ore assets within Kiruna District
- Preliminary metallurgical testwork from the company’s Puoltsa and Gäddmyr Prospects initiated
- Initial gravity survey at Kiruna Iron Project completed
LAKE EMBRACE
- Diamond drilling commences at Lake Embrace Project in Norway targeting base metals (Cu, Pb,Zn & Ag)
DANINGEN PROJECT
- High grade copper rock chips up to 7.13%Cu returned from Daningen Project
April 29, 2010
Swampy Mountain Project Update
- High grade gold assay (4.69g/t Au) from outcrop within recent permit application
- Previously reported high grade copper assays from outcrop within project tenure include 4.56% Cu, 2.47% Cu and 1.64% Cu
- Previously reported historical iron mine within project tenure
- Project prospective for iron oxide-copper-gold style of mineralisation
- Work Plan will now be lodged to complete a ground based geophysical survey to refine geological targets
April 21, 2010
Successful Completion of $6.7M IPO and Admission to ASX
- Scandinavian Resources Ltd (ASX:SCR) lists on ASX after completing $6.7m IPO.
- SCR strategy is to ‘incubate’ a highly prospective portfolio of iron, manganese, gold, PGE and base metals projects in Scandinavia (primarily Sweden & Norway).
- SCR cornerstone investor is S&P/ASX Top 200 company, OM Holdings Ltd (ASX:OMH).
- Technical Director Mr Olof Forslund was previously Regional Manager of the Geological Survey of Sweden’s Mineral Resources Information Office in Mala, Sweden.
- SCR is the 11th largest landholder (by area) of minerals exploration projects in Sweden & one of the largest landholders in the world class Kiruna IOCG District.
- SCR exploration projects are the Kiruna iron project (Kiruna District, Sweden), Lake Embrace copper-lead-zinc-silver project (Nordland District, Norway) and Swampy Mountain iron-copper-gold plus PGE project (Skellefte District, Sweden).
- SCR’s flagship Kiruna iron exploration project is 30km from the 2Bt Kiruna iron mine (owned by LKAB) – the world’s largest and most modern underground iron mine.
- SCR’s ‘pipeline’ of projects cover manganese, gold, copper-gold and lead-zinc prospects in Sweden & Norway.
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