Results from a new geophysical survey have helped extend the new known mineralisation trend at Ragnar Metals Limited (ASX: RAG) Swedish nickel projects.
Swedish geoscientific consultants, GeoVista AB recently completed an Induced Polarisation and Resistivity/ Chargeability Survey (IP-R) over the company’s projects at Tullsta and Gaddebo. The projects are located to the west of Sala, within in the Bergslagen District, which is situated 110km NW of the capital Stockholm.
Ragnar’s Chairman Steve Formica said the geophysical survey successfully highlighted the mineralisation at Tullsta, which is characterised by a steeply dipping zone forming an anomaly of up to 150m wide.
Within this zone there are multiple lenses and the two combined models form a continuous body that extends from surface to below the boreholes and open to the north and west.
Magnetic and gravity modelling also indicates a western to north-westerly plunging body which is supported by the results of this recent geophysical survey.
“This is a great outcome for the company as the recently completed geophysical survey has further highlighted and expanded the mineralisation potential as previously defined in the earlier drilling,” Mr Formica said.
“The 3D geophysical modelling supports the geological concept which our geoscientific team have been working towards. Ragnar now have great confidence that Granmuren has the potential to grow as Scandinavia and the adjoining Karelia Province in north-west Russia are one of the major nickel-copper provinces of the world.”
Results from two combined models created from the survey form a continuous body that extends from surface to below the boreholes and open to the west and to the north.
Magnetic and gravity modelling indicates a western to north-westerly plunging body which is supported by the results of this recent geophysical survey.
The Tullsta Project contains the Granmuren Nickel Deposit which was discovered in 2012 by drilling of a VTEM survey anomaly.
Mr Formica said Ragnar will now review the existing “discovery” drilling with this new 3D model and design a drilling program to test the Granmuren mineralisation at depth.
Downhole geophysical methods will be utilised to further define and continue to expand the information at Granmuren in the aim of expending the already defined Ni-Co-Cu mineralisation.
