Thormodsdalur is located about 20km E of the city center of Reykjavík, SE of the lake Hafravatn. The target area is the previous mining and drilling zone and the immediate areas towards the south and north.
Metal values in pipe scales have been shown to reach 106 g/t gold, 2,743 g/t silver, 12.80% copper, 7.75% lead and 17.00% zinc.
Sampling has returned grades of up to 3500ppm from type specific veining.
Iceland is a geologically unique case when it comes to gold. Has been relatively poorly mapped, understood or explored in relations to gold or other precious metals.
We want to be known as one of Scandinavia most successful junior explorer. With the current focus on precious metals Iceland Resources will focus on engaging in promising early exploration targets. With an open minded management we will focus on expanding our portfolio of projects within the Nordic countries. We will accomplish this by greenfield explorations, strategic partnerships, mergers - acquisitions and potential listing within the short term. In 2016 we will focus on our Icelandic assets along with evaluating other potentials within the Scandinavian region. We are going to achieve our goals with an exceptional and diverse team of professionals and consultants that we are putting together. IR takes the approach that quality team work will lead to results.
Vilhjalmur Thor Vilhjalmsson
St-Georges Positioned To Unlock Iceland’s Mineral Potential With The Acquisition of Iceland Resources EHF
Montreal, Quebec / TheNewswire / March 16, 2017 – St-Georges Platinum and Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that it has successfully completed its due diligence review of Iceland Resources EHF and signed a final definitive acquisition agreement. Subsequently to this transaction, St-Georges now own all of the Read more about St-Georges Positioned To Unlock Iceland’s Mineral Potential With The Acquisition of Iceland Resources EHF[…]
Iceland Resources is pleased to announce that it has entered in to a binding agreement with St-Georges Platinum and Base Metals Ltd. a Canada listed company on the CSE exchange. St-Georges will acquire all outstanding shares of Iceland Resources, setting up a subsidiary with St-Georges owning 60% and Iceland Resources shareholders 40%. St-Georges has made Read more about A binding agreement with St-Georges Platinum and Base Metals Ltd[…]
Between 5th and 15th of August 2016, a team of 4 geologists commissioned by Iceland Resources Ltd carried out a ground reconnaissance exercise over 3 highlighted areas of interest within their Vopnafjordur Licence. Grab samples have been logged and sent to ALS Ireland for geochemical analysis and the company is currently awaiting results.
Iceland Resources is pleased to announce that the work on Vopnafjordur is off to a good start. The team arrived on Friday 5th August and put up camp in the campsite in the town of Vopnafjordur. We spent the weekend setting up and conducting regional reconnaissance across the licence area. Although they have only been Read more about Commencement of field work at Vopnafjordur[…]
Iceland Resources ehf, a natural resource exploration company is pleased to announce the awarding of the first out of eight licences for mineral exploration in Iceland. The licence covers 598.5 km2 (Figures 1 and 2) and is valid until 15th July 2021 the licence is valid for exploration of minerals with special focus on gold Read more about Issue of Vopnafjordur EL-05 Exploration licence[…]
We are happy to announce that two students from the University of Cardiff have joined our field team for the 2016 exploration programme. As part of their undergraduate degrees in Exploration and Resource Geology they will be assisting senior geologists on the Thormodsdalur and Vopnafjordur projects and gaining valuable experience in the procedures and techniques Read more about Cardiff Students[…]
Iceland Resources have signed an agreement with North Atlantic Mining Associates Ltd (NAMA) to take on the drilling program of 3.000m in Thormodsdalur along with administration of the geological work for the 2016 season. NAMA has an Heli-portable Ingetrol Md 3 drilling rig with capabilities to drill down to 700m depth. The deepest holes in Read more about Drilling contract signed[…]
Cardiff University was founded in 1883. They were ranked 5th in 2014 for their quality of research by the Research Excellence framework amongst the UK universities Cardiff University is one of the few universities that have a four year BSc. degree course in Exploration and Resource Geology. In 2013 four students from Cardiff came to Read more about Our team to be joined by students from Cardiff University[…]
We do anticipate a lot of excitement once the drilling will commence in Thormodsdalur within few weeks, pending drilling license. Despite the high level of development; with respect to gold, Iceland remains relatively poorly mapped, understood or explored The geological and geographical settings of Iceland therefore present unique potential for exploration. However the history of gold Read more about Gold in Thormodsdalur Iceland[…]
Dear shareholders, It is with great pleasure that we present the first of many newsletters from Iceland Resources ehf. The newsletter is aimed at the shareholders, staff and other stakeholders. The New Year has gone exceptionally well of in regards of Gold with the 60 days gold price low $1050.80oz to $1247.90oz at closing as Read more about Letter from the CEO: Gold is moving up![…]