Kingrose Mining - Banter and General Discussion, page-969

Project Highlights:

• The Råna intrusion hosts the Bruvann Nickel (copper and cobalt) mine with 9.15MT remaining resources (not including ore-grade pillars) in the underground mine;
• The mine is open-ended in three directions that have been under-explored;
• Bruvann mine was operated from 1989 to 2002 at an average nickel price below USD $4/lb;
• Excellent near-mine potential;
• Re-interpretation of geophysical survey data (including newly derived geological model) confirms six new drill targets;
• Strong correlation between modelled conductors and surface mineralisation, including surface samples with up to 2.34% Ni, 0.27% Cu and 0.20% Co (2.98% Ni eq);
• Drill hole intersection of 13.5m at 0.62% Ni, 0.13% Cu and 0.06% Co (0.83% Ni eq) in the margins of a large conductor;
• Channel sample with 6.5 m at 0.63% Ni, 0.19% Cu and 0.07% Co (0.90% Ni eq) in the margins of a second large conductor;
• The prospect lies on an ice-free fjord and Norway’s main N-S highway; and
• Much of the mine infrastructure is still in place and maintained (roads, power lines, conveyor belt to the shipping dock just 2 km away).

Råna Class-1 nickel opportunity that has strong mining potential and exploration upside and presents  as an opportunity as a future source of material suitable for the rechargeable battery sector.


Drilling started on the 6 July so they are about 3 weeks into it, can’t be too much longer now


Looking forward to some awesome results  ...

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