Gold Line

EMX’s Gold Line properties are located within the Northern Sweden’s “Gold Line” trend and the Skellefteå volcanogenic massive sulfide (VMS) belt. The Gold Line properties consist of the Storjuktan, Blåbärliden, Paubäcken, Kankberg Norra, and Klippen project areas. 

Gold metallogeny in the region is associated with Svecofennian age (1.8-1.9 Ga) volcanic, sedimentary and granitoid rock suites. The mineralization has been classified as orogenic/lode gold, intrusion-related gold, and gold-rich VMS deposits. EMX has focused on these prospective areas based upon the occurrence of arsenopyrite in boulders, outcrop, and/or historic drilling, as well as geophysical signatures suggesting favorable geologic settings for gold mineralization.

The Gold Line trend and Skellefteå VMS belt include the active Svartliden, Kankberg, Bjorkdäl mines, as well as advanced projects such as Barsele, and Fäboliden. These gold deposits have only been recognized relatively recently, with many occurrences in the region having limited, shallow historic drilling and mineralization that remains poorly constrained and open for expansion. EMX believes that there is strong upside potential for further discoveries, especially with the application of refined exploration models for intrusion-related and orogenic/lode gold targets.

In April 2019 EMX entered into an arm’s length purchase agreement for the sale of EMX’s Gold Line projects to Gold Line Resources Ltd. This agreement provides EMX with a 9.9% interest in GLR, advance royalty payments, and a 3% net smelter return (“NSR”) royalty interest in the Properties (see Company news release dated April 4, 2019 for more details). In February 2024, Gold Line Resources Ltd. completed a merger with Barsele Minerals Corp., which then became First Nordic Metals Corp. in March 2024.

Since the purchase agreement, GLR moved quickly to complete an extensive exploration program. They have created a pipeline of targets by generating greenfields targets with regional stream sampling and matured brownfields targets with ionic leach sampling, ground geophysics, and base of till drilling. 

*Nearby mines and deposits provide context for the project, but do not necessarily indicate similar size, styles or grade of mineralization within the project.

Maps

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