Gautelis

Erris Resources has been granted four new permits, each totaling 10 square kilometres over the Mauken and Gautelis Gold prospects in northern Norway. The initial ground truthing work at Gautelis in September 2019 was very encouraging and Erris plans further work in 2020.

The Gautelis Project is located in Nordland County, Northern Norway. The prospect lies within the Rombak Tectonic Window, an under-explored region of Paleoproterozoic Rocks. Historic work identified three styles of mineralisation including high-sulfidation style massive arsenopyrite with gold that was mined for arsenic on a small scale in 1916-1920, Carlin style gold mineralisation hosted in carbonates and narrow sulphide-rich veins with high grades up to 329.66 g/t Au, 0.52 % Cu, 2.4 % Pb, 0.69 % Zn, 0.08 % As and 61 g/t Ag.

A total of 1,500m of drilling was undertaken in 1984-1985 to test the mineralised carbonates and the massive arsenopyrite mineralisation. A historic report states that average gold grades in the carbonates may reach 6-7ppm over 3m in drill core while hole 2-85 intersected 3m grading 6.66g/t Au from 50-53m and 3m grading 3.3 g/t Au from 44-47m. The upper 26m of hole 4-84 returned 26m grading 0.58 g/t Au suggesting potential for broad zones of mineralisation in the carbonates. A historic exploration report also states that the Gautelis area is underlain by a sizeable carbonate zone which reached thicknesses of up to 300m. It extends laterally for about six kilometres giving ample space for a new gold discovery. The characteristics are similar to Carlin-type deposits for which knowledge has greatly advanced over the past 35 years; the project warrants further exploration as historic drilling was shallow and sections indicate mineralisation is open at depth.

Erris continues to review other targets in Norway with the aim of building a highly prospective gold portfolio and creating shareholder value through exploration. The portfolio will be available for farm-in / joint ventures with third parties.