In 2005, Arctic Gold acquired exploration material from the Häbbersholm area, which had been gathered between 1994-2001. In the acquisition agreement, Arctic Gold pledges in the event of future production from the area to pay royalties of 1.3% in the form of NSR (Net Smelter Revenue). The royalty payment is to be paid to the Canadian company Scanex Group. During the above mentioned period, several companies financed exploration activities in the area and the material included bottom till and bedrock chip sampling, geophysical ground surveys, bedrock mapping and interpretations and reports. The results showed increased concentrations of gold in the bottom till and bedrock chip samples, as well as in a drill cores at Nilsliden, and indicated that one or more gold mineralisation could exist in the area.
During 2006-2007, Arctic Gold took additional samples of bottom till and bedrock chips and carried out ground geophysical surveys. Furthermore, grains of gold were discovered in till samples with a pan, indicating that the gold mineralisation is not far away. The interpretation is that the target is located in the same geological environment as the base metal deposits at Kankberg and Åkulla, as well as a gold mineralisation at Åkulla and the recently discovered gold mineralisation at Bastutjärnen, which are all owned by other companies.
In the Häbbersholm region, in addition to the targets at Nilsliden, a bottom till and bedrock chip sampling programme was conducted at Björklidberget during the autumn 2009, in order to try and find gold mineralisation in the bedrock. Gold had previously been discovered in this area in several bottom till samples, as well as in a few bedrock chip samples.
In a press release dated December 14, 2009 Arctic Gold reported that a new gold target had been discovered at Björklidberget in Västerbotten. The gold is present in approximately 50% of the bedrock chip samples that were taken, and gold concentration of up to 0.1 grams Au per tonne have been obtained, which is regarded as interesting from this sparse sampling program. The gold samples were taken within a 2 km2 area with volcanic rock types that also contain increased concentrations of arsenic, silver and antimony.