- Ragnar Metals (RAG) intersects further massive and semi-massive sulphides at its Tullsta nickel project in Sweden
- The company has been continuing its 3000-metre drilling program, led by drilling company Allroc AB, to further test the Granmuren nickel-copper discovery in the area
- Stage one drilling intersected 137 metres of visual nickel sulphides within the Granmuren gabbroic intrusive, which included massive and semi-massive sulphide zones
- Ragnar says it expects to receive the drilling lab results in November, while phase two drilling has begun to test the eastern extension and northern lobe targets
- Ragnar Metals is trading 4.55 per cent lower at 2.1 cents at 11:08 am AEDT
Ragnar Metals (RAG) has intersected further massive and semi-massive sulphides at its Tullsta nickel project in Sweden.
The company has been continuing its 3000-metre drilling program, led by drilling company Allroc AB, to further test the Granmuren nickel-copper discovery in the area.
Stage one drilling intersected 137 metres of visual nickel sulphides within the Granmuren gabbroic intrusive, which included massive and semi-massive sulphide zones.
More specifically, the drilling revealed 137.25 metres containing 8 per cent visual sulphide estimate, including 98.2 metres containing 4 per cent blebby-interstitial sulphides estimates.
Further findings included 3.8 metres containing 51 per cent massive and semi-massive sulphides, including 0.35 metres containing 85 per cent massive sulphides.
Ragnar Executive Director Eddie King said the company was pleased to report its phase one drilling had accomplished its goal of intersecting sulphides, including massive sulphides.
“Phase one drilling demonstrates the potential scale of the Granmuren system, and we are excited the intersection of sulphides confirms the geophysical modelling to generate drill targets is working,” Mr King said.
“Based on the impressive visual sulphides and the technical information gathered from this round of drilling, we have a better understanding of the geological model and the ore-forming process of the Granmuren mineralisation.
“The Central and Basal zones have been identified as the most favourable target zones for the deposition of massive and semi-massive sulphide, and we await the assay results as well as the recent geophysical modelling to begin targeting for our next round of drilling.”
Ragnar said it expected to receive lab results from the drilling in November as phase two drilling begins to test the eastern extension and northern lobe targets.
Ragnar Metals was trading 4.55 per cent lower at 2.1 cents at 11:08 am AEDT.