ann, page-31

Here's from a forgotten post from Drake last year...helps you realise the significance of yesterday's announcement. Think they may be on to something here ;)

Significant nickel, copper, cobalt deposits acquired – Espedalen, Norway

? Drake applied for & has been granted 12 exploration claims covering the Espedalen nickel-copper district
? The granted claims provide Drake with a 100% interest over two recently discovered nickel-copper deposits in the Espedalen Project

o Dalen deposit - potentially open-pitable with non JORC compliant indicated mineral resource estimate* of 4.6 Mt @ 0.29% Ni, 0.12% Cu & 0.02% Co & non JORC compliant inferred mineral resource estimate* of 5.4 Mt @ 0.25% Ni, 0.11% Cu & 0.02% Co

o Stormyra–non JORC compliant inferred mineral resource estimate* of 1 Mt @ 1.09% Ni, 0.48% Cu, 0.04% Co

o Megrund - partially tested EM target with intersections including 51m @ 0.74% Ni and 117m @ 0.31% Ni, open pit potential

? Similar geology to Canada’s large Voisey’s Bay deposit
? In line with strategy to build Scandinavian nickel & copper portfolio
? Historic mining district with substantial exploration prospects & upside
? Reviewing historical data to determine next steps in exploration program