10:29 AM EDT, 10/07/2024 (MT Newswires) -- First Nordic Metals ( FNMCF ) was at last look down 4.35% after earlier on Monday saying it has begun a base-of-till (BoT), also known as top-of-bedrock, drilling program on its Klippen Project in northern Sweden.

A statement noted the Fall drilling program is designed to investigate bedrock sources of a more than five kilometre by 350 meter-wide historic gold, arsenic, copper and zinc glacial till anomaly oriented in the prominent ice flow direction. The program will include up to 120 BoT drill holes.

Taj Singh, First Nordic President and CEO, in the statement said: "The Klippen target currently being tested represents one of the most extensive gold and pathfinder element anomalies in the First Nordic portfolio, at over 5 kilometer long. The litho-structural setting is ideal for large orogenic gold deposits, and historical exploration has identified gold mineralization, but this does not seem to explain the size and intensity of the till anomaly, so the exploration potential here remains high. BoT drilling is the most effective method of targeting potential new discoveries under glacial till cover and has already proven fruitful at our Paubacken Project's Aida discovery further north. We look forward to reporting results later this fall as well as advancing exploration on multiple assets on the Gold Line belt in Q4."

First Nordic was last seen down $0.015, to $0.33, on the TSX Venture Exchange.

Price: 0.33, Change: -0.02, Percent Change: -4.35