- Ragnar Metals (RAG) gears up for the next round of drilling to test the Granmuren discovery at its Tullsta nickel project in Sweden
- Three ‘validation’ drillholes will test extensions to the mineralisation around a previous drill hole that intersected 0.5 per cent nickel and copper, and 0.05 per cent cobalt
- A further four ‘expansion’ diamond drill holes will then test new target zones identified through a down hole induced polarisation survey
- Allroc Drilling, which completed RAG’s 2021 drilling campaign, has been contracted to complete this upcoming program
- Company shares last traded at 3.9 cents on July 18
Ragnar Metals (RAG) is gearing up for the next round of drilling at its Tullsta nickel project in Sweden.
The 2800 metre diamond drilling program has been designed to further test the Granmuren nickel-copper discovery.
An initial three ‘validation’ drillholes will test extensions to the mineralisation around previous drill hole, 21DDTS007, that intersected just over 146 metres grading half a per cent nickel, half a per cent copper and 0.05 per cent cobalt from 393.5 metres downhole.
Following this, a further four ‘expansion’ diamond drill holes will test new target zones identified through a down hole induced polarisation survey.
The company’s geophysical program used seven deep holes drilling in 2021 and found a low resistivity-high conductance body that coincides with gabbroic rocks intersected in drilling.
Further, the modelling defined high chargeability anomalies consistent with sulphide mineralisation.
Ragnar’s Executive Director Eddie King said the next round of drilling has the potential to take Tullsta to “the next level”.
“The focussed 2800 metre drill program at Granmuren Deeps intends to test the interpretations resulting from the recent downhole IP modelling, which generated significant targets.
“We look forward to updating the market as the drilling progresses and we are excited about what the months ahead can deliver for Ragnar shareholders,” he said.
Allroc Drilling, which completed RAG’s 2021 drilling campaign, has been contracted to complete this next round of drilling.
The drill program will be updated as results are received.
Company shares last traded at 3.9 cents on July 18.