Kingsrose Porsanger project

Kingsrose launches FLEM survey targeting Porsvann and Karenhaugen intrusions in Norway

Kingsrose Mining (ASX:KRM) reports it has launched a ground-based fixed loop electromagnetic (FLEM) geophysical survey targeting the Porsvann and Karenhaugen intrusions at its Porsanger PGE-Copper-Nickel project in Finnmark County, Norway.

The company reports it has completed a resampling program on historical drill core (results are pending) and submitted a drill permit application for the Porsvann target at the 100% owned project.

Kingsrose is targeting massive sulphide hosted PGE-copper-nickel mineralisation at Porsanger, associated with mafic-ultramafic dykes, sills and small intrusions at the Porsvann and Karenhaugen prospects.

This type of mineralisation has not been targeted in the area before, yet mapping and recent age dating suggests the intrusions formed at the same period as Anglo American’s Sakatti  nickel-copper-PGE deposit in Finland.

The company engaged Finnish geophysics contractor Geovisor Oy to conduct a ground-based FLEM survey to explore for the potential presence of massive sulphide mineralisation up to 500 metres below surface.

Two surveys covering the Porsvann and Karenhaugen ultramafic intrusions are planned, over areas of 0.55 and 0.66 km-squared respectively.

Any prospective electromagnetic conductors identified by the survey will then be drill tested.

Addressing the results, Kingsrose Managing Director Fabian Baker commented: “Porsanger represents an intriguing exploration area.

“The broad zones of intrusion-hosted PGE mineralisation discovered in historical drilling, and widespread copper mineralisation in overlying sediments have been known for some time, however we believe the two may be related and that there is potential to discover higher grade massive sulphide-hosted PGE-copper-nickel mineralisation in the area.

Porsanger represents an intriguing exploration area

“It is also of interest that recent rock age dating suggests the intrusions formed at the same time as Anglo American’s Sakatti massive sulphide deposit to the south in Finland.

“Operating responsibly and in collaboration with local stakeholders is of the highest importance to Kingsrose, and we are pleased that this cooperation has led to conducting this geophysical survey at a time and in a manner that is respectful of the local environmental and land use.

“We hope to continue this cooperation and to carry-out a maiden drilling program later this year or in the spring of 2023, to test targets identified by the ongoing surveys.”

Kingsrose is an ESG-conscious and technically proficient mineral exploration company targeting the acquisition and exploration of tier-1 mineral deposits.

The company previously operated the Way Linggo mine in Indonesia, having produced over 200,000oz gold and 1.5Moz silver, and is currently assessing opportunities for the divestment of this project.

Images: Kingsrose Mining Ltd
Author Image
Written By Adam Orlando Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.