GOTHENBURG, Sweden, Nov. 1, 2002 (PRIMEZONE) -- On November 1, the Northern Finland Environmental Authorities announced that Riddarhyttan was granted environmental permit for mining (open pit and underground) and for ore processing (flotation-biooxidation-leaching) at Suurikuusikko. The permit gives Riddarhyttan the right to immediately start mine development and construction work on the project.
Riddarhyttan Resources AB is an exploration company with occurrences of base and precious metals in the Nordic region of Europe. The primary business concept is, by means of exploration and acquisition, to acquire new occurrences, which, through detailed exploration, can be advanced to economic resources. At the occurrence of Suurikuusikko (Finland), which is Riddarhyttan's most advanced project, the total tonnage ("indicated" and "inferred resources") amounts to 8.3 million tonnes with 6.1 grams of gold per tonne (approximately 1.6 million ounces of gold).