DRK 0.00% 1.2¢ drake resources limited

granmuren new nickel discovery

  1. 9,499 Posts.
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    Hi guys,

    The latest announcement could well be the beginning of something big.

    Still early days but intervals between 10 and 30% are certainly worth attention especially over an interval of 45 mtr in total.

    look forward to more details and hope they are on a real winner here.

    good luck

    jojo


    Drake Resources (ASX: DRK, Drake) has intersected close to 200 metres of disseminated
    sulphides at its Granmuren copper-nickel discovery in central Sweden.
    The permit containing the Granmuren discovery, and all of the additional nickel permits in the
    district, are wholly owned by Drake.
    This new target is an intense conductor recently identified from down hole and surface
    electromagnetic (EM) surveys and is located to the north east of the previously drilled section
    (Figures 1 and 2). The conductor is an order of magnitude stronger than the mineralised
    conductors already drilled.
    Drill hole TS006 was drilled to a depth of 221 metres and intersected disseminated iron sulphide
    (pyrrhotite) from 10 metres to 208 metres down hole. Drake’s geologists have made visual
    estimates of the iron sulphide contents of the drill core at between two and 30 percent. Three
    zones of 10 to 30 per cent disseminated sulphides are present at 80 to 95 metres, and 142 to 173
    metres, and 193 to 202metres
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