Kingsrose Mining (ASX:KRM) has begun a new core drilling program at its Råna Nickel-Copper-Cobalt Sulphide (Ni-Cu-Co) Project in Norway.
A total of 5,000m of drilling is planned, with the aim of testing along strike and down dip from known mineralisation in the area.
The program will target ‘highly’ conductive zones uncovered by geophysical surveys that have the potential to host massive sulphide Ni-Cu-Co mineralisation and facilitate future downhole electromagnetic geophysical surveys to generate further targets.
Commenting on the drilling program, Kingsrose Mining Head of Exploration Andrew Tunningley says: “We have rapidly acquired an extensive and multifaceted geophysical dataset, which is a key component in unlocking the exploration potential at Rana.
With the drill rig now on site, our priority is to test along strike from known mineralisation at the Bruvann Mine whilst we generate additional drill targets from the geophysical data.
“We have rapidly acquired an extensive and multifaceted geophysical dataset”
The entire basal part of the intrusion is considered prospective for discrete zones of massive sulphide mineralisation, and the combined geophysics and drilling are a key step in understanding where mineralisation may be concentrated.”
Kingsrose says Newexco consultants in Australia have been engaged to assist with the interpretation of the fixed-loop electromagnetic (FLEM) and magnetotelluric (MT) data given their experience with similar nickel sulphide exploration projects, including the Nova Bollinger Project in the Albany-Fraser Orogen region of Western Australia.
The acquisition of airborne MT geophysical data has been completed, and data inversion is in progress. Kingsrose says these results will help guide further exploration over the rest of the intrusion.
The company adds that a detailed drone-based magnetic survey has started over the Bruvann and Rånbogen prospect areas.
Kingsrose Mining is an explorer of critical mineral deposits that have ‘Tier-One potential’. The company has a portfolio of projects prospective for nickel, copper, and platinum group elements in the Nordic region.
As of 31 March 2023, the company had $35.2 million cash at hand, according to its latest quarterly report published on 28 April 2023.
Write to Aaliyah Rogan at Mining.com.au
Images: Kingrose Mining Ltd
