Global Energy Metals Corporation has announced an exciting development in their joint venture with Kingsrose Mining Limited. The partnership has entered into a drill service agreement with Arctic Drilling, marking a significant step forward in their exploration efforts at the Råna nickel-copper-cobalt project in Norway.
The drill program is set to commence in early August 2024, focusing on the Rånbogen prospect where compelling targets have been identified. These targets include shallow, highly conductive electromagnetic anomalies located just below the mineralized nickel-copper-cobalt massive sulphide at the surface.
With a minimum of 700 meters of drilling planned, the companies aim to meet the milestones outlined in the Transaction Implementation Agreement. This agreement sets the framework for project expenditures and ownership interests between the parties.
Arctic Drilling, a local company based in Finnmark County, Norway, brings extensive experience in operating in arctic regions, enhancing the efficiency and success of the drill program.
Mitchell Smith, CEO and Director of Global Energy Metals, expressed excitement for the upcoming drill program, highlighting the potential of the high-priority targets at Rånbogen. Smith emphasized the importance of these targets, which have shown promising signs in previous drilling efforts.
The Rånbogen project holds significant potential for nickel, copper, and cobalt mineralization, with historical rock chip samples indicating rich concentrations of these critical minerals. The upcoming drill program aims to further explore and validate the resource potential of the area.
Through thorough sustainability and permitting initiatives, the companies have ensured responsible and environmentally conscious exploration practices. From engaging with local communities to conducting baseline surveys, Global Energy Metals and Kingsrose Mining are committed to conducting their operations in a sustainable manner.
Overall, the drill program at the Råna project represents a major milestone in the joint venture’s efforts to advance critical mineral exploration in Norway. With promising targets and a strategic approach, the companies are poised to unlock the full potential of the Råna nickel-copper-cobalt project.
