Råna Ni-Cu-Co Project, Norway – Drilling Update
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Metals One (AIM: MET1), which is advancing strategic minerals projects in Finland and Norway, is pleased to announce the Company's Råna Project (nickel, copper, cobalt) partner and operator, Kingsrose Mining Limited (ASX: KRM) ("Kingsrose"), has now commenced drilling at the Råna Project in Norway. Arctic Drilling AS has been engaged to complete the drilling, which has been designed to test compelling exploration targets comprising shallow, highly conductive electromagnetic (EM) anomalies immediately down dip from mineralised nickel-copper-cobalt massive sulphide at surface.
Figure 1: Arctic Drilling AS commencing drilling operations at Rånbogen
Kingsrose's full announcement is available at: https://www.kingsrose.com/news.
Metals One Chief Executive Officer, Jonathan Owen, provides further background to the drilling programme and other Company updates via Vox Markets - available here:
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Glossary
| Co | Cobalt |
| Cu | Copper |
| electromagnetic ("EM") anomalies | electromagnetic (EM) surveys are a common technique to help narrow down drilling targets. EM anomalies "light up" on a resistivity map based on conductivity, giving an indication for a drill target when looking for specific metals |
| massive sulphide | metal sulphide ore deposit which consists almost entirely of sulphides |
| Ni | nickel |
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