Global Energy Metals Corporation’s strategic partner Kingsrose Mining Limited issued an update regarding exploration activities at the brownfield Råna nickel-copper-cobalt sulphide project in Norway.
A 5,000-meter drilling program is scheduled to begin in early July and will target zones of potential massive sulphide nickel-copper-cobalt mineralization generated from ongoing mapping and geophysical surveys, the company said.
The company plans to mobilize rigs in the last week of June.
“We are pleased to see our partner, Kingsrose Mining, commence this drilling phase of exploration at the Råna project,” Global Energy Metals CEO Mitchell Smith said in a statement. “Having multiple active exploration programs underway and/or planned, Global Energy’s generative business continues to evolve by leveraging properties that have attracted significant partner-funded exploration and royalty creation while in turn are establishing long-term value for Global Energy’s shareholders.”
Additionally, the previously announced ground-based, fixed loop electromagnetic survey has been completed. A magnetotelluric (MT) geophysical program is currently underway, which includes a detailed ground-based MT survey targeting the Bruvann and Rånbogen prospect areas using a nominal 200-meter station spacing.
Delivery of final 3D inversions is anticipated in August, the company said.
“Since acquiring an interest in the Råna project in January 2023 our team has focused on accelerating the drill-readiness of the project, including permitting, stakeholder engagement, geophysical surveys, geological mapping and interpretation,” said Fabian Baker, Kingsrose managing director.
“We have identified numerous areas of mineralization that are considered to be open and exploration at an early stage where drill targets will be refined through the ongoing geophysical programs. The culmination of this work will be commencement of drilling on the project in July.”
Meanwhile, the company said that three more exploration rights totaling 30 square kilometers have been acquired at the Sørfjorden project, which is located 30 kilometers south of Råna.
The project covers an unexplored mafic-ultramafic intrusion with geological characteristics similar to Råna, and the plan is to fly a mobile MT survey to help model the intrusion and explore for conductive bodies which may represent massive sulphide exploration targets.
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