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Nordli Porphyry-Molybdenum Deposit, Hurdal, Norway
Property Description and Location
The Nordli (Hurdal) molybdenum deposit is located approximately 90 km north of Oslo in the municipality of Hurdal. Crew Gold’s wholly owned subsidiary, Crew Minerals AS was granted exclusive rights for an area of 2.25 km2 covering the main target in December 2004.
The area benefits from an evolved infrastructure and proximity to the international airport of Oslo, located less than 30 km away.
Mineral Resources Estimates
Crew aims at a review of the project by conducting additional exploration drilling this year, to better evaluate the resource potential of the deposit.
Work Completed
Crew has held several meetings with the municipal representatives of Hurdal in 2005 with the participation of the Norwegian Mining Director (Bergmester), who explained mining legislation and procedures for mining projects. The political leaders have expressed strong support for the Company´s exploration plans and the potential industrial development in the municipality. A public hearing was held in Hurdal in October 2005 where the Management presented the project and the immediate work program.
The current work program is anticipating some 3,000-4,000 meters core drilling from 6 holes. The cost of this program is expected to cost NOK 6-8 million and is expected to be completed before early 2006. Several drill contractors have been contacted but the details of the program have not yet been fully completed. Drilling will commence.
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