Drilling contract signed

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 Thormodsdalur are expected to be around 300m. The drilling rig is very light and can be transported and moved with minimum effect on nature and surroundings.