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Published by Will Owen,
Editor
Global Mining Review,
Thursday, 25 July 2024 12:00
Metals One has announced that its Råna (nickel, copper, and cobalt) project partner and operator, Kingsrose Mining Ltd, has entered into a service agreement with Arctic Drilling AS. The agreement provides for the commencement of helicopter supported core drilling at the Rånbogen prospect on the Råna Project in August 2024.
Highlights:Drilling is anticipated to complete in early September 2024, with assay results expected in October to November 2024.Drilling is focused on two targets identified last year through geophysics – compelling targets comprise shallow, highly conductive electromagnetic (EM) anomalies immediately down dip from mineralised nickel-copper-cobalt massive sulfide at surface.Completion of a minimum 700 m drilling will satisfy the drilling milestones under Metals One (via Scandinavian Resource Holdings Pty Ltd’s) Transaction Implementation Agreement with Kingsrose and Global Energy Metals.Arctic Drilling is a Norwegian owned and domiciled company based out of Finnmark County, Norway, bringing extensive experience of operating in arctic regions with local knowledge.Jonathan Owen, Chief Executive Officer of Metals One, commented:“It’s great news that Kingsrose is ready to begin drilling again at the Råna Project. This strategic work programme is aimed at testing two compelling anomalies characterised by highly conductive EM responses down dip of nickel-copper-cobalt mineralised massive sulfide in outcrop, which were identified during last year’s core drilling and are located within a previously undrilled area.“We look forward to updating shareholders on progress at the Råna Project as Kingsrose continues to build on the high-grade results from last year’s drilling to verify the largely underexplored Råna intrusion’s scale potential.”
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