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Drilling starts at Thormodsdalur gold project in Iceland to explore high-grade gold targets.

Market News
08 Sep 2026
TheNewswire
View Source
Bullish
Drilling starts at Thormodsdalur gold project in Iceland to explore high-grade gold targets.

St-Georges Eco-Mining has begun a six-hole diamond drilling program totaling about 770 meters at the Thormodsdalur gold project in Iceland, operated by its subsidiary Iceland Resources and advanced by Aurania Resources. The drilling aims to retest historical gold intercepts and explore new high-grade gold targets, with previous drilling showing grades up to 415.40 g/t gold. This marks a significant step toward defining a modern mineral resource at a historically rich gold site near Reykjavik. Results from the drilling will be assayed after completion, expected in about a month.

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