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 exploration in Iceland is traced back to the early twentieth century when gold bearing quartz float was first discovered in the Seljadalsá River that drains the Thormodsdalur vein system. Since then there have been six other multiple veining. Exploration project in Thormodsdalur.
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