Nordic Resources Hits 100m+ Gold Zones 160m Beyond Known Deposit at Kopsa
Nordic Resources strikes wide gold-copper zones in furthest Kopsa step-out drilling yet
Nordic Resources has reported final assays from three diamond holes at its Kopsa gold-copper project in central Finland, with results revealing over 100m of semi-continuous mineralisation in each hole—drilled 90-160m beyond any prior drilling to the southwest of the deposit. The 1,223m programme completes the company’s Q2 2026 drilling campaign, which totalled 3,660m at Kopsa, and signals meaningful potential upside to the existing ~815koz AuEq Mineral Resource Estimate (MRE).
The three step-outs (NRKOP26029, NRKOP26031, NRKOP26032) collared beyond the current resource block model and returned consistent, wide mineralisation both along strike and between sections, setting up a resource update planned for later in 2026.
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The standout intersections
The headline intercepts demonstrate strong grade and continuity across all three holes, with multiple high-grade zones enclosed within broader mineralised envelopes:
| Hole ID | Interval | Grade (AuEq) | High-grade included | From (m) |
|---|---|---|---|---|
| NRKOP26029 | 34m | 1.05g/t AuEq (0.92 Au, 0.12 Cu) | 4.4m @ 2.74g/t AuEq | 231m |
| NRKOP26029 | 59.7m | 0.89g/t AuEq | 4.0m @ 2.99g/t AuEq | 281.5m |
| NRKOP26031 | 29.4m | 0.94g/t AuEq | 4.7m @ 3.74g/t AuEq | 261m |
| NRKOP26031 | 22.5m | 1.15g/t AuEq | 2.9m @ 4.55g/t AuEq | 319.7m |
| NRKOP26032 | 47.1m | 0.85g/t AuEq | 1.0m @ 3.18g/t AuEq | 342.2m |
Note: All intervals quoted as downhole widths. True thickness estimated at 70-80% of downhole width. AuEq calculated using US$3,000/oz Au and US$10,000/t Cu, with recovery factors of 80% for Au and 85% for Cu (formula: AuEq = Au + 1.102Cu).*
Why the continuity matters
All three holes demonstrate strong continuity with previously drilled mineralisation both along strike and between sections. A newly intersected shallower zone was identified across multiple holes, enhancing geological confidence. This consistency aids future wireframing and supports higher resource confidence categories when the holes are incorporated into an updated MRE.
Understanding Kopsa and gold-copper equivalent (AuEq) grades
A step-out hole is drilled beyond the boundaries of a known mineral resource to test whether mineralisation continues at depth or along strike. Successfully extending mineralisation outside the current resource block model is a key driver of future resource growth.
The Kopsa deposit is a near-surface, intrusion-hosted gold-copper system within the Middle Ostrobothnia Gold Belt (MOGB) in central Finland. Mineralisation occurs within a tonalite intrusion and is considered amenable to open-pit mining methods.
AuEq (gold equivalent) is a metric that combines gold and copper grades into a single comparable figure, allowing investors to assess the total metal value of an intercept. The calculation accounts for the relative value of each metal and expected recovery rates, providing a unified measure of economic potential.
A resource update in the making
The company’s 2025 and 2026 drilling programmes, totalling 9,361m, have not yet been incorporated into the Kopsa resource. Key upcoming catalysts include:
- Metallurgical results: Expected Q3 2026 from the Kopsa metallurgical programme
- Updated resource statement: Planned for later in 2026, incorporating all new drilling and an updated AuEq formula
- Drilling resumption: Scheduled to recommence within two weeks, with approximately ~14km of diamond drilling planned across MOGB projects in Q3 2026
The integration of recent drilling into the resource model is expected to materially impact the ultimate size of Kopsa, given the width and continuity of mineralisation intersected well beyond the current block boundary.
Resource base and balance sheet
The existing Kopsa resource provides a solid foundation for expansion:
- Kopsa: 23.2Mt @ 1.09g/t AuEq for ~815koz AuEq (69% Measured & Indicated)
- Combined MOGB inventory: 34.3Mt @ 1.11g/t AuEq for 1.23Moz AuEq (1.04Moz gold + 38kt copper; 66% Measured & Indicated)
- Cash position: Over A$10M at bank as at end March 2026
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Management view
Robert Wrixon, Managing Director
“These last three holes from Kopsa were extremely broad step outs to test the large volume of untested tonalite to the southwest for the first time. Results exceeded expectations as the mineralised zones not only continue but also widen in this direction, with strong continuity both along, and between, the sections. Once again, Kopsa continues to surprise to the upside and the Company is greatly encouraged about the impact these strong continuations may have on the ultimate size of the Kopsa resource.”
With a resource update scheduled for later this year, investors will be watching closely as Nordic Resources compiles 9,361m of new drilling into an updated geological and resource model for Kopsa.
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