First Nordic Metals – BOT Results At Nippas Setting Up For Diamond Drilling and Assays Anticipated Soon From The High-Priority Aida Target
Taj Singh, CEO, and Adam Cegielski, President of First Nordic Metals (TSX.V: FNM) (OTCQB: FNMCF), join me to discuss the institutional interest from Florida events, the recent BOT drilling results setting up diamond drilling next month for the Nippas target at Storjuktan, and anticipated drill assays that should be coming back soon from recent drilling at the high-priority Aida Target at their 100% owned Paubäcken Project.
We start off having Adam outline the more bullish sentiment around the gold sector and gold equities, and the interest and institutional coverage that they are picking up on at some recent conferences in Florida. He points out that the value seen flowing into larger gold producers is starting to rotate down into the junior developers and explorers, and that they are seeing a lot of interest in First Nordic due to their district scale land package across over 80kms of greenstone belt in Sweden that already hosts a multi-million ounce deposit a Barsele, but with very large multi-kilometric targets across the whole Gold Line belt.
Next we shifted over to having Taj outline the key priority exploration targets of focus for this year’s 25,000 meter drill program across their 100% owned projects along the Gold Line Belt. There was news released on April 30th that announced base-of-till (“BoT”) / top-of-bedrock drilling results and the upcoming Q2 diamond drill plan at its high-priority Nippas target on the Company's 100%-owned Storjuktan project. Additionally, we review that there are 3 new large targets emerging in the south and 2 more targets in the north on the Storjuktan area that will be getting more ground truthing and data collection in the months to come.
Then at the Paubäcken Project there has been a drill turning since late February at the high-priority Aida Target, so now multiple drill assays are anticipated to be coming back in the near future. It is planned that these assays will be released as a batch of multiple holes to provide more complete data on how the mineralization is connecting. While there is close to 5,000 meters that has been drilled thus far, the management team is ready to keep drilling here and is visually liking the mineralization being intercepted in the drill core thus far. Taj also outlines a second high-priority target at Paubäcken is at Harpsund, where there is still ongoing data collection and targeting, but there are plans to see this area drilled later this year.
Wrapping up we shift over to more recent financial analyst coverage; recently from Roth Capital, and we had noted in our last discussion that both Haywood Capital and Ventum Capital had all picked up coverage on First Nordic with price targets at multiples higher than where the stock is trading today. Adam lays out the case for even more institutional coverage to be announced in the months to come, and Taj highlights the big picture value proposition for the Company.
If you have any questions for Taj or Adam, regarding First Nordic Metals, then please email them to me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of First Nordic Metals at the time of this recording.
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