DRK 0.00% 1.2¢ drake resources limited

ann, page-31

  1. 390 Posts.
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    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
 
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