Global Energy Metals Corp (TSX-V:GEMC) announced that its joint venture partner Kingsrose Mining has completed the 2024 core drilling program at the Råna nickel-copper-cobalt project in Norway.
Three holes totalling 706 meters were drilled across the Rånbogen prospect.
Drilling tested a previously unexplored zone of outcropping massive sulphide, located 600 metres northwest of a 2023 intercept at Rånbogen that returned 26.2 metres at 0.7% nickel, 0.2% copper, and 0.06% cobalt.
The drilling program intercepted broad intervals of disseminated to net-textured sulphide mineralization, with a maximum grade of 1.6% nickel, 0.2% copper, and 0.2% cobalt over 0.64 metres.
Key results included 13.8 metres at 0.4% nickel, 0.1% copper, and 0.04% cobalt, as well as intervals of 15.7 metres at 0.3% nickel, 0.1% copper, and 0.02% cobalt, and 15.8 metres at 0.5% nickel, 0.1% copper, and 0.06% cobalt.
Exploration results indicate multiple 'stacked' zones of nickel-copper-cobalt sulphide mineralization throughout the 10-kilometre diameter Råna intrusion, GEMC highlighted.
“The 2024 drilling program has again discovered a new zone of broad near surface mineralization associated with a large-scale conductive geophysical anomaly,” Kingsrose’s head of exploration Andrew Tunningley said in a statement.
“Coupled with the reconnaissance program results announced 16 September 2024, it remains clear that Råna is prospective for polymetallic base metal sulphide mineralization within a large-scale intrusive system, and we consider this project to remain underexplored.”
GEMC holds a 10% ownership in Narvik Nikel, the Norwegian holding company with a 100% interest in the Råna project. It also retains a 1% NSR.
Kingsrose Mining is earning up to an 80% interest in the project through $15 million in expenditures.
Due to current nickel market conditions, limited exploration is planned for 2025 while Kingsrose evaluates the project's advancement.