Ragnar Metals (ASX:RAG) strikes additional nickel sulphides at Tullsta, Sweden – The Market Herald
- Ragnar Metals (RAG) cuts additional massive and semi-massive sulfides at its Tullsta nickel project in Sweden
- The company has continued its 3,000 meter long drilling program, led by the drilling company Allroc AB, to further test the Granmuren nickel-copper deposit in the area
- Stage one drilling intersected 137 meters of visible nickel sulphides within the Granmurens gabbroic intrusive, which included massive and semi-massive sulphide zones
- Ragnar says they expect to receive the results from the drill lab in November, while phase two drilling has begun to test the eastern extension and northern lobe targets
- Ragnar Metals traded 4.55 percent lower at 2.1 cents at 11:08 AEDT
Ragnar Metals (RAG) has intersected additional massive and semi-massive sulfides at its nickel project in Tullsta in Sweden.
The company has continued its 3,000 meter long drilling program, led by the drilling company Allroc AB, to further test the Granmuren nickel-copper deposit in the area.
Stage one drilling intersected 137 meters of visible nickel sulphides within the Granmurens gabbroic intrusive, which included massive and semi-massive sulphide zones.
More specifically, drilling showed 137.25 meters containing 8 percent visual sulphide grade, including 98.2 meters containing 4 per cent blebby interstitial sulphide grade.
Additional finds included 3.8 meters containing 51 percent massive and semi-massive sulfides, including 0.35 meters containing 85 percent massive sulfides.
Ragnar managing director Eddie King said the company was pleased to report that phase one drilling had achieved its objective of cutting sulphides, including massive sulphides.
“Phase one drilling demonstrates the potential scale of the Granmuren system, and we are pleased that the intersection of sulfides confirms that the geophysical modeling to generate drill targets is working,” King said.
“Based on the impressive visual sulfides and technical information gathered from this drilling, we have a better understanding of the geological model and ore formation process of the Granmuren mineralization.
“The central and basal zones have been identified as the most favorable target zones for massive and semi-massive sulfide deposition, and we await the assay results as well as the latest geophysical modeling to begin targeting our next drilling.”
Ragnar said it expected to receive lab results from the drilling in November when phase two drilling begins to test the eastern extension and northern lobe targets.
Ragnar Metals was trading 4.55 percent lower at 2.1 cents at 11:08 AEDT.