Golcap Resources Corp. announce that it has agreed to acquire a number of orogenic gold exploration projects in southern Finland. Finland is the largest producer of gold in Europe, and these projects represent a balance of advanced and early-stage exploration, with both high-grade and bulk tonnage targets.

Historically, these projects were generated based on positive boulder and till geochemistry, near existing operating or historical gold mines, with structural controls and settings favorable based on the known gold mineralization. The alteration and geological settings are similar to economic deposits in the area. Known deposits are generally structurally controlled, often with multiple mineralized zones and exhibit a relatively modest surface footprint.

These zones however have significant vertical depth ­ greater than 1 kilometre. Satulinmaki: The Satulinmaki project has a strike length of 1.2 kilometres and a wide mineralized corridor, with 77 historical drill holes, mostly targeting near-surface mineralization, with recent drilling returning promising results to a depth of 200 metres. Controls on the higher-grade mineralization are still to be determined and will be a key priority for the Company's exploration plans.

Of note, a recent deeper intercept encountered native gold assayed at 45.6 g/t between 150 and 151 m hole depth. Drill holes intersected the quartz veining system, but the intersected mineralization was weak. Riukka: The 43 historical drill holes at Riukka has delineated an area 150 m long and 5-20 m wide with a quartz vein system with locally high-Au (max 35.45 ppm/1 m Au).

Outside this main zone is an alteration zone, characterized by arsenopyrite and tourmaline, where Au content at most 1-3 ppm.