Petträsket Exploration AB, a Swden-based mining exploration company, recently recieved an equity financing of undisclosed amount from Partnerinvest Norr and a group of private investors.
The company, which has an exploration permit on approximately 3,000 acres within the Skellefteå field, an area known for gold, silver, copper and zinc deposits, intends to use the capital to execute a drilling program to verify these deposits closer.
The company has already conducted basic geological studies in the area and results of drilling are expected in spring 2011.
Its CEO is Chris McKnight ([email protected]). Through his company, Horizon Blue, he is also the majority shareholder of Petträsket Exploration AB.