ICELAND

Iceland has a history of gold mining from 1908-1925.

Limited exploration since 1985.

Opportunity to extract epithermal gold with geothermal power.

Making clean gold for today’s environmentally friendly demands.

Iceland Resources has direct and indirect control of all issued and pending mineral licenses in Iceland. Total area in excess of 4,600 km2.

Vopnafjördur

The Vopnafjordur licence covers an area of 598,5 km² and was last subject to exploration in 1997. Exploration to date has been limited to low-density stream sediment and rock chip sampling and this was extended in 2016 by a mapping and grab sampling exercise over the key areas of interest identified in the earlier survey.

Hörgárdalur/Öxnadalur

The Oxnadalur licence is a 1017 km² area is located in the north of Iceland near the town of Akureyri. Peaks in the region reach 1538m above sea level, and there are few significant tracks throughout the majority of the prospect. Due to its northern location, it is more subject to seasonality with respect to the exploration seasons.

Þormóðsdalur / Thor

Thormodsdalur is located about 20km E of the city center of Reykjavík, SE of the lake Hafravatn. The project has a long history dating from 1908, where a local lawyer, a businessman and the poet Einar Benediktsson found a gold deposit that was investigated in the years 1908-1925. In 1911 with the help of a British company and again after the first World War with the help of a German company, they dug four tunnels and did surface excavations that covered over 400m underground. Some ore was transported to Germany and historical sources reveal that reported gold values were 11-315g/t Au.