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...

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.