Monchetundra Licence Kola Peninsula
Project at a glance
- Palladium and Cu/Ni mineralisation discovered and being explored by Eurasia on the Kola Peninsula
- Work continues on the potential open pit resource at West Nittis within the Monchetundra licence
Geology of the region
The Kola Peninsula, in the sparsely populated Murmansk region borders Finland and Norway in the far Northwest of Russia. It forms the eastern margin of the Archaen Baltic shield and is broadly divided into 5 blocks which were assembled during the Svecofennian and Sveconorwegian Orogenies. This unusual and ancient terrane is punctuated by numerous igneous bodies which create layered intrusion exploration targets analogous to the Bushveld Complex in South Africa. Eurasia’s interests lie in the central Kola Peninsula along the north-south trending ultrabasic intrusive igneous Monchegorsk Magmatic Complex (MMC). These layered intrusions can contain significant economic deposits of chromite and Platinum Group Minerals (PGM).
History of exploration and development
Eurasia’s interests in hard rock platinum projects in the Kola Peninsula date to early 2006 when it acquired several licences from local vendors. By 2008 Eurasia have drilled a total of 16,000m of core on the Kola Peninsula licences. The Cu-PGM mineralisation at Monchetundra is contained within a series of chalcopyrite-rich veins and veinlets in brecciated shear zones. The north-south trending mineralisation is open both along strike and down dip.
The following graphic shows 2010 drill lines at Eurasia’s Monchetundra licence in the central Kola Peninsula.