Sandviksträsk gold exploration project

Sandviksträsk is located approx. 30 km north of Fäboliden in the municipality of Lycksele in the contact zone between two granites of different age, and strongly shemed volcanics and metasediments.

The company holds the exploration permits for Sandviksträsk and has drilled 11 diamond drill holes totaling 1,491 m. Drilling and sampling of bedrock has identified a 400 m long zone with occasional high grades of gold. An evaluation of the results shows that drilling from the northern shore of Sandviksträsket can yield further information on the gold-mineralized zone, which partially extends underneath Sandviksträsket. A drilling program exists, and will be carried out during 2007.