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Lappland Goldminers AB (STO:GOLD) Lappland Goldminers AB (publ), listed on First North and the Oslo Exchange OTC list, has completed the first core drilling stage of 2008 in the Tjålmträsk area. As previously reported in a press release, visible gold was observed in one of the drill holes.
The Tjålmträsk gold prospecting project is situated along the so-called Gold Line in Västerbotten, around 5 km south of Sorsele. The project was initiated a few years back after field work found strongly gold-mineralized boulders in the area, one of which had extremely high grades of gold (350 g/t) and many boulders with gold grades of 1-31 g/t.
The first stage of the 2008 drilling in the Tjålmträsk area was primarily aimed at investigating the areas surrounding the 2007 core drill holes TJT200705-TJT200709, reported on in a press release (April 11,l 2008).
The core drilling in 2008 indicates that the gold mineralization encountered and intersected with drill holes TJT200705 and TJT200706, continues both toward east and west, in - among others - drill holes TJT200803 with 5m of 4.15 g/t Au and TJT200811 with five sections of gold grades in excess of 1 g/t. The drilling furthermore shows that there also is gold in the bedrock between the two areas from the 2007 core drilling in Tjålmträsk through the mineralization which was intersected in TJT200810.
Tjålmträsk is located in a very interesting area, with several good gold indications. The area is furthermore located close to the recently acquired Blaikenverket (Blaiken processing plant) with capacity to refine gold ore. As ore deposits found in this area do not require great investment cost, the area is highly interesting from a exploration perspective. The drilling program completed has continued to show an area with gold, which gives us reason to further invest in exploration for ore for the Blaiken processing plant, says Karl-Åke Johansson.
Link to Drilling results and legend 080919
The technical information of this press release has been reviewed by Risto Virkkunen, QP and Chief Geologist at Lappland Goldminers AB.
For additional information: Karl-Åke Johansson, CEO Tomas Björklund, Board Member Ph. +46950-275 01, +4670-625 22 57 Ph. +4670-662 35 35 karl-ake.johansson@lgold.se tomas.bjorklund@lgold.se Also visit: www.lapplandgoldminers.com About Mangold Fondkommission: www.mangold.se
Lappland Goldminers AB is an exploration company and a producing mining company. The company is listed on the market place "First North" under the name GOLD, with Mangold Fondkommission AB as the Certified Adviser, as well as on the Norwegian OTC list. Lappland Goldminers has secured a number of gold deposits along the so-called Guldlinjen ("The Gold Line") in Västerbotten. The Company's strategy is to develop a profitable, producing gold company, with centrally located processing plants in Fäboliden and Blaiken, Sweden, and in the Haveri area in southern Finland and Pahtavaara in Northern Finland, supported by ore from one or several mines either through the Company's own exploration or alternatively through acquisitions. Lappland Goldminers is a member of SveMin, the trade association for mines, minerals and metal producers in Sweden (formerly called the Swedish Mining Association) and follows SveMin's reporting rules for public mining and exploration companies.
