"Unlike some of the other would-be-Nova-hopefuls and near-ologists in Western Australia, the Granmuren prospect in Finland that is being explored by Drake Resources actually is a Proterozoic-aged, granodiorite-hosted nickel discovery (Nova is Proterozoic: about 1.5bn years old. The other WA Yilgarn nickel deposits are all Archean: 2-3 bn years old)."
"Granmuren is in the same northern hemisphere Proterozoic belt as the Canadian Voiseys Bay and Thompson’s fields and it has been metamorphosed and deformed like Sirius’ Nova mineralisation."
Im no geologist but I do know Sweden is alot more than a stones throw away from Nova but I think the gist of what this report is saying is that just because you are near a discovery doesnt guarantee success or even increase your chances of success
Think about CDU and SFR how many nearologists actually made a follow up discovery?
After CDU's discovery the next was SFR on the other side of Australia and the next one after that was now SIRs Nova which is as close to SFR's DeGrussa as Tasmania is to our mainland.
The point is it seems Geology is by far the most important factor not location and geologically speaking it seems that Granmuren does tick the boxes
Time for the drill test
DRK Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held