The Pick News

Kingsrose commences drilling at Rana Project

Written by Colin Hay | Aug 13, 2024 7:29:14 AM

Kingsrose Mining Limited (ASX: KRM) has commenced drilling at the Råna nickel-copper-cobalt project in Norway.

Arctic Drilling AS has been engaged to conduct the drilling, which has been designed to test compelling exploration targets comprising mineralised nickel-copper-cobalt massive sulphide at surface, with coincident conductive electromagnetic plates at the Rånbogen prospect.

Highlights

  • Compelling targets comprise of shallow, highly conductive electromagnetic (EM) anomalies immediately down dip from mineralised nickel-copper-cobalt massive sulphide at surface.
  • Completion of a minimum 750 metres of drilling will satisfy the drilling milestones under the Transaction Implementation Agreement with Scandinavian Resource Holdings Pty Ltd (SRH) 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.