Paubäcken
- The Paubäcken Project consists of three contiguous licenses covering 17,000 hectares located in the central portion of the so-called historically defined “Gold Line belt” located in north-west Sweden.
- The Paubäcken Project is strategically positioned between Barsele gold-deposit and Fäboliden gold-deposit, located only 3km to the north-east of the historically operated Svartliden mine which includes a presently operating mill used for toll-treating purposes.
- The Paubäcken Project hosts the Aida target, which is located three kilometres northeast of the Svartliden operation. The Aida target is positioned within an interpreted ~5 km-long shear corridor defined from magnetic geophysical data. Regional top-of-bedrock drilling in 2021 identified gold and path-finder geochemical anomalism coincident with the interpreted structural-corridor. A maiden drill program completed in November 2022 intercepted 22.5 m of 2.4 g/t Au in hole PAU-21-003 hosted within a sheared and altered basalt unit within the structural corridor (see Goldline news release dated: November 24, 2022).
