Ragnar Metals (ASX:RAG) has defined the highest priority target areas for potential uranium-vanadium-molybdenum bearing alum shales at the Viken Project in Sweden.
The extensive conductive anomalies span a combined length of at least 16km, are “highly encouraging”, and have delineated the highest-priority areas for potential uranium-vanadiummolybdenum-bearing alum shales.
These priority areas will form the focus of Ragnar’s follow-up exploration efforts, as the anomalies are supported by historical drilling intersections.
Ragnar, which has a market capitalisation of $8 million, plans to advance its 3D modelling work and evaluate the application of additional electromagnetic techniques to further refine exploration over the identified priority zones.
This news comes after the company received results of reprocessed VLF geophysics data on the Viken Project which uncovered several anomalies with polymetallic mineralisation.
At the Viken South area, a large conductive trend 5km long is coincident with drillhole MYR78002 which intersected 95.6m @ 185 parts per million (ppm) triuranium octoxide and 0.26% vanadium oxide.
Ragnar notes that a second large conductive trend 5km long was identified at Viken South.
Meanwhile, at Viken East, a conductive trend 6km long is coincident with drillhole NAK78004 which intersected 32.9m @ 230ppm triuranium octoxide and 0.24% vanadium oxide.
Ragnar Metals is focused on developing a prospective, district-scale gold, nickel, copper, and lithium portfolio.
Write to Aaliyah Rogan at Mining.com.au
Images: Ragnar Metals
