STT Drk- Drake resources, A gold and Nickle Explorer In West Africa and Scandinavia. FA Drk is currently expecting results from their highly promising project in Sweden, The Granmuren prospect.
"Drake Resources has demonstrated the presence of higher grade nickel-copper mineralisation at its Granmuren discovery in Sweden with peak assays of 1.14% nickel and 0.9% copper from a recent hole."
"Surveys have yet to define the base of this system though the company expects the surface and downhole geophysics to be completed this month.
Mineralisation at Granmuren is at potential open pit depths and at grades comparable to producing open pit nickel mines in Scandinavia.
Scandinavian nickel mines have typical grades of between 0.25% and 1%.
The prospect is also located near infrastructure including power, rail and port, in one of the lowest risk mining jurisdictions in the world, which enhances its potential to evolve into a low cost development opportunity."
At a MC of around 8-10m, IMO this represents great value to investors, and IMO, the next Ann expected this week, will send this back up to A much higher value.
