The area is prospective for gold and copper mineralization and includes some historic drilling that reported narrow intervals of relatively high grade and copper grades. The project lies very close to the Sirkka Shear Zone, which is a pronounced Au-deposition controlling structure within the Central Lapland Greenstone Belt. In the immediate vicinity of the iikonkoski tenement, two closed mines, Saattopora Au-Cu mine and Sirkka Cu-Ni-Co-Au-Ag mine, have been operated in the past. Further away, 22 kilometers northeast, Agnico Eagle Ltd. is currently operating its Kittilä Gold Mine, the largest primary gold producer in Europe.