Þormóðsdalur / Thor
Thormodsdalur is located about 20km E of the city center of Reykjavík, SE of the lake Hafravatn.Learn more about this project
The project has a long history dating from 1908, when 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 WWI 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.