- Ragnar Metals (RAG) intersects 145 metres of nickel and copper mineralisation during its stage two diamond drilling program at the Granmuren Deeps discovery
- Located at the Tullsta Nickel Project in Sweden the mineralised zone consists of 393 to 538 metres of various sulphides
- The company says it has completed 2021 metres of core drilling and has additional exploration surveys scheduled
- A further four diamond wedge holes will be planned, aiming to cut out exisiting deep drill platform holes
- Shares have been up 27.3 per cent trading at 4.2 cents
Ragnar Metals (RAG) has intersected 145 metres of nickel and copper mineralisation during its stage two diamond drilling program at the Granmuren Deeps discovery.
Located at the Tullsta Nickel Project in Sweden the mineralised zone consists of 393 to 538 metres of various sulphides.
The company said it has completed 2021 metres of core drilling and has additional exploration surveys scheduled.
The company said its waiting for laboratory analysis to be able to determine the widths and grades of the mineralisation.
The company plans to commence regional analysis of the Granmuren magmatic intrusion within the tenement package targeting favourable sites for potential nickel and copper mineralisation.
A further four diamond wedge holes will be planned, aiming to cut out exisiting deep drill platform holes.
The company said it will commence field investigation and mapping once weather clears and the site is more accessible.
Ragnar Metals Chairman Steve Formica says the discovery validates the efforts of the company.
“We are thrilled to be able to report such a thick zone of sulphide mineralisation within a proven Nickel-Copper system at the Granmuren Deeps Prospect,” he said.
Shares were trading 27.3 per cent higher at 4.2 cents at 3:45 pm AEDT.