From 2009 we have been concentrating our efforts in the Achaean greenstone belts along the Hattu–Ilomantsi and Kuhmo-Suomussalmi in Eastern Finland. As a result of intensive field work in this area eighteen drill targets were generated.Mineral Exploration Network (Finland) Ltd. possesses a number of reservations and ore prospecting applications. They are covering areas which have been selected based on conceptual modeling, as well as areas with gold occurrences identified through drilling programs.
In order to improve governance and attract strategic partner for JV, the most perspective areas were selected in a separate project «Karelian Gold». The project contains three groups of prospects:
- – Kuhmo Group (Piilola North, Piilola South,-Piilola2, Roninlampi, Palovaara, Naurispuro, –Putaala, Teerisuo, Ylä-Vieksi);
- – Ilomantsi Group (Paasivaara, Paasivaara-2, Viinivaara, Purola);
- – Suomussalmi Group (Rutisuo, Hossa, Kivelä, Syrjälä, Syrjälä 2).
The total area of the project is 249,8 sq.km (ore prospecting 100,79 sq.km.). Exploration potential – 5-7 Moz of gold.