Käringberget hosts Au-Ag-Cu-Zn mineralisation and Centerra Gold has elected it as a Designated Project Area. Centerra Gold is investing $1m to earn 51%.
Käringberget was discovered in 1928 by trenching. Previous operators include Boliden, North Atlantic Natural Resources, and Mawson Resources although limited work was completed on the project.
The area is mineral rich, with known deposits nearby including Adak, Rudtjebacken, Brannmyran deposits (
Käringberget exhibits a strong alteration system, with a silica-pyrite core to silica-sericite+/-pyrite to outer chlorite. Locally there is massive sulphide replacement and pyrite veins (1.1 g/t Au & 1.1% Cu)