Metals One, a battery metals explorer with projects in Northern Europe, reported positive survey results from its nickel/copper/cobalt Råna Project in Norway.
The company said its partner and operator on the project, Kingsrose Mining, had analysed Spartan MT geophysical surveys at Råna’s Rånbogen prospect, revealing 4 highly prospective zones for massive sulphide nickel-copper-cobalt mineralisation.
The Spartan MT surveys identified areas of low resistivity/high conductivity, representing 4 potential nickel-copper-cobalt sulphide zones at the Rånbogen prospect over a strike length of 1.8km. Three of the anomalies (Rånbogen 01, 02 and 04) were hosted within pyroxenite and peridotite lithologies of the Råna intrusion.
Meanwhile, Rånbogen 03 was a steeply south dipping, very strong conductor, located at the basal contact between the intrusion and footwall gneiss, which is known to contain conductive graphitic rock units. The location at the base of the intrusion is also a highly prospective setting for the accumulation of massive sulphides.
Where the conductive anomalies extended to surface, they displayed a strong correlation with massive and disseminated nickel-copper sulphide mineralisation identified in historical rock chip sampling. Target Rånbogen 02 in particular correlated well with historical drilling, which returned a best intercept of 17.5m at 0.53% Ni, 0.12% Cu, and 0.05% Co from 101m (SH004), including 2.5m at 1.13% Ni, 0.24% Cu, and 0.10% Co.
Looking ahead, ground-based and downhole electromagnetic surveys to aid detailed drill targeting are in progress at Rånbogen. Metals One’s drill rig will be switched to a helicopter portable system in early August and transferred from the Bruvann Mine area to Rånbogen to test the conductive targets.
Source: Vox Markets