Sweden Mining Inspectorate Extends Gubbträsk Gold Permit

Lappland Guldprospektering AB announced that the Swedish Mining Inspectorate has granted an extension to its exploration permit, Gubbträsk nr 102. The expanded permit area adjoins the company's existing Gubbträsk nr 101 permit and encompasses a significant portion of the region's historical drilling activities.

Within the newly added area, 84 out of 86 historical drill holes are located. The company reported the highest gold grade intersection from these historical operations as 6 meters grading 11.15 grams of gold per tonne. Approximately 4,000 meters of drilling within this historical data has not yet formed the basis for a published resource estimate.

The company's geologist is currently reviewing the preserved drill core samples from these historical drilling campaigns. The objective of this review is to enable Lappland Guldprospektering to report a formal resource estimate based on the historical findings, potentially impacting future development plans for the Gubbträsk gold prospect.