Powered BY Cobalt … Driven BY Demand Global Energy Metals JV Partner Identifies Strongly Conductive Zones IN Geophysics at the Rånbogen Prospect, Råna Nickel-Copper-Cobalt Project, Norway
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GLOBAL ENERGY METALS JV PARTNER IDENTIFIES STRONGLY
CONDUCTIVE ZONES IN GEOPHYSICS AT THE RÅNBOGEN
PROSPECT, RÅNA NICKEL-COPPER-COBALT PROJECT, NORWAY
Vancouver, BC / TheNewswire / August 8, 2023 / Global Energy Metals
CorporaCon TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy
Metals” , the “Company” and/or “GEMC”) , a mul’-jurisdic’onal, mul’-
commodity cri’cal mineral explora’on and development company focused on
growth-oriented ba<ery metal projects suppor’ng the global transi’on to
clean energy, is pleased to announce comple ’on of the acquisi’on and
interpreta’on of magnetotelluric (SPARTAN MT) geophysical surveys at the
Rånbogen area within the Råna Project, Norway (Råna) (Figures 1 and 2).
Global Energy Metals has a carried interest on all explora’on expenditures
conducted at Råna per the terms of its strategic partnership with Kingsrose
Mining Limited (refer to news release dated January 18, 2023).
Highlights
•SPARTAN MT is a geophysical method used to survey the electrical resis’vity
of rocks at depth. At Råna, Kingsrose is looking to iden’fy areas of low resis-
’vity (high apparent conduc’vity) which may represent highly conduc’ve
sulphide nickel-copper-cobalt mineralisa’on.
•Four discrete, strong apparent conduc’vity anomalies have been modelled
at the Rånbogen prospect over a strike length of 1.8 kilometres:
•Three of the anomalies (Targets “Rånbogen 01” , “Rånbogen 02” and
“Rånbogen 04”) are hosted within pyroxenite and perido’te litholo-
gies of the Råna intrusion. These host lithologies are highly resis’ve
and therefore the conduc’ve responses have a higher likelihood of
being associated with sulphide mineralisa’on.
•One of the anomalies (“Rånbogen 03”) is a steeply south dipping, very
strong conductor located at the basal contact between the intrusion
and footwall gneiss which is known in areas to contain conduc ’ve
graphi’c rock units. The loca’on at the base of the intrusion is also a
highly prospec’ve seYng for the accumula’on of massive sulphides.
•Where the conduc’ve anomalies extend to surface, they display a
strong correla’on with coincident nickel-copper mineralised massive
and disseminated sulphide iden’fied by historical rock chip sampling
(Figure 3).
•Target “Rånbogen 02” correlates well with historical drilling on the
northern margin of the conduc’ve anomaly which returned a best
intercept of 17.5 metres @ 0.53 % Ni, 0.12 % Cu, and 0.05 % Co from
101 metres (SH004), including 2.5 metres @ 1.13 % Ni, 0.24 % Cu, and
0.10 % Co (see ASX announcement dated 18 January 2023).
•Ground-based and downhole electromagne’c (EM) surveys to aid detailed
drill targe’ng are in progress at Rånbogen.
•The drill rig will be switched to a helicopter portable system in early August
and transferred from the Bruvann Mine area to Rånbogen to test these
conduc’ve targets.
Andrew Tunningley, Kingsrose Head of ExploraCon, commented “Three of
the four conduc-ve bodies iden-fied from the SPARTAN MT data are
coincident with mineralised massive to disseminated sulphide rock chip
samples at surface and all four conduc-ve bodies are hosted within, or at the
base of, the intrusion, spa-ally associated with perido-te and pyroxenite
units. These targets are therefore highly prospec-ve, with limited historical
drilling that intercepted broad zones of disseminated mineralisa -on near
surface and higher grade, narrow sub-intervals associated with massive
sulphide.”
Fabian Baker, Kingsrose Managing Director, adds “Our explora-on team is
bringing a fresh approach to explora -on at Råna, u -lising modern
understanding of nickel sulphide deposit models and geophysical techniques
never employed on the project before. Explora-on is con-nuing to generate
compelling targets and with a drill rig currently on site we look forward to
tes-ng several priority areas during the Norwegian summer.”
Discussion of Results
Rånbogen is located at the northern part of the Råna intrusion (Figure 1), at
the contact between footwall gneiss and a complex zone of perido ’te,
pyroxenite and gabbronorite at the deeper parts of the intrusion. The
intrusion strikes east-west and dips moderately to the south-southeast.
Laterally extensive zones of narrow, elongate xenoliths of gneiss are mapped
from east to west at a transi’on zone between lower ultramafic dominant
units into upper gabbronorite dominant units, inferred as a palaeo-roof
pendant which formed part way through the intrusion’s evolu’on.
Mineralisa’on is mainly hosted in the perido ’te and pyroxenite units,
comprising disseminated pyrrho’te-pentlandite-chalcopyrite with one to
three metre thick zones of massive sulphide. Localised concentra’ons at the
contacts between intrusive rocks and gneiss xenoliths are also observed.
Massive sulphide zones occur in outcrop and historical drill core, striking east-
west over at least 100 metres and plunging southeast to depth where
mineralisa’on is open.
The MT survey was designed to model conduc ’ve zones associated with
outcropping mineralisa’on to depth for drill targe’ng, as well as to iden’fy
blind conduc’ve zones which have poten ’al to host massive sulphide
mineralisa’on. Four conduc’ve zones are observed in the MT data (Figure 2),
largely coinciding with mineralised rock chip samples at surface and proximal
to historical mineralised drill intercepts. Similarly to Bruvann ( see news
release dated 21 July 2023), mineralisa’on is observed at the steep gradients
between moderately and strongly conduc’ve anomalies:
1.Rånbogen 01: A complex 470 by 400 metre, roughly circular anomaly in
plan view which dips moderately southeast to at least 300 metres down
dip. Massive sulphide nickel-copper mineralisa’on is observed in outcrop
on the northeastern and southeastern margins of the anomaly, which is
undrilled (Figure 3).
2.Rånbogen 02: An ovoid, 400 by 200 metre, east-west striking anomaly at
the southern margin of the survey area. Historical drill holes were collared
on the northern margin of the anomaly. Kingsrose considers that the
historical holes were drilled sub-op’mally rela’ve to the orienta’on of the
anomaly. Several historical holes intercepted significant mineralisa’on with
a highlight intercept of 17.5 metres @ 0.53 % Ni, 0.12 % Cu, 0.05 % Co from
101 metres (SH004), including 2.5 metres @ 1.13 % Ni, 0.24 % Cu, 0.10 %
Co (see news release dated 18 January 2023). The mineralisa’on here is
open along strike and down dip.
3.Rånbogen 03: An east-west, 300 by 100 metre anomaly with a very steep
gradient, open to the north and located at the contact between basal
perido’te and footwall gneiss. This is undrilled and with li<le outcrop.
4.Rånbogen 04: An elongate, 800 by 130 metre, moderately conduc ’ve
anomaly with a central, deeper, strongly conduc’ve core over 300 by <100
metres. The anomaly is coincident with gabbronorite at surface crosscut by
strongly oxidised <0.5 metre thick veins with up to 0.37 % Ni and 0.32 % Cu
in historical rock chip samples (see news release dated 18 January 2023).
The anomaly is immediately east and along strike from a mapped perido’te
sill.
A follow up ground-based EM survey combined with a<empted downhole EM
of historical holes (depending upon the state of these holes) is currently in
progress to further define conduc’ve zones prior to drill tes’ng. Drilling at
Bruvann is underway and will transi’on to a helicopter portable rig in early
August to allow drilling at Rånbogen to commence.
Figure 1: Råna Project area and loca-on of 2023 geophysical programs
Figure 2: Map showing priority explora-on targets at the Rånbogen prospect,
Råna Project
Figure 3: Sec-on A-A’ (100 m wide sec-on) showing mineralised massive
sulphide at surface and in historical drillholes located at the MT gradient of
moderate to high conduc-vity, Targets Rånbogen 01 and Rånbogen 02, Råna
Project.
Kingsrose Mining Limited
Kingsrose is a leading sustainability-conscious and technically pro ficient
mineral explora’on company listed on the ASX. The Company has a discovery-
focused strategy, targe’ng the acquisi’on and explora’on of cri’cal mineral
deposits having Tier-1 poten’al, that has resulted in the acquisi’on of, or joint
venture into, the Råna nickel-copper-cobalt, Penikat PGE and Porsanger PGE-
nickel-copper projects in Finland and Norway. Addi’onally, Kingsrose has been
selected for the first cohort of the BHP Xplor explora’on accelerator program
which commenced in January 2023.
Qualified Person
Mr . Paul Sarjeant, P . Geo., a Director and shareholder is the qualified person
for this release as defined by Na’onal Instrument 43-101 - Standards of
Disclosure for Mineral Projects.
For Further InformaCon:
Global Energy Metals Corpora’on
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: [email protected]
t. + 1 (604) 688-4219
www.globalenergymetals.com
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