GEMC:CC - Global Energy Metals JV Partner Identifies Strongly Conductive Zones in Geophysics at the Ranbogen Prospect Rana Nickel-Copper-Cobalt Project Norway
(TheNewswire)
Vancouver, BC - TheNewswire - August8, 2023 - Global Energy Metals Corporation ( TSXV:GEMC ) | ( OTC:GBLEF ) | ( FSE:5GE1 ) (“Global Energy Metals”, the “Company” and/or“GEMC”) , a multi-jurisdictional,multi-commodity critical mineral exploration and development companyfocused on growth-oriented battery metal projects supporting theglobal transition to clean energy, is pleased to announce completionof the acquisition and interpretation of magnetotelluric (SPARTAN MT)geophysical surveys at the Rånbogen area within the Råna Project,Norway (Råna) (Figures 1 and 2). Global Energy Metals has a carried interest on all exploration expenditures conducted at Rånaper the terms of its strategic partnership with Kingsrose MiningLimited ( refer to news releasedated January 18, 2023 ).
Highlights
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SPARTAN MT is a geophysical method used to survey theelectrical resistivity of rocks at depth. At Råna, Kingsrose islooking to identify areas of low resistivity (high apparentconductivity) which may represent highly conductive sulphidenickel-copper-cobalt mineralisation.
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Four discrete, strong apparent conductivity anomalieshave been modelled at the Rånbogen prospect over a strike length of1.8 kilometres:
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Three of the anomalies (Targets “Rånbogen 01”,“Rånbogen 02” and “Rånbogen 04”) are hosted withinpyroxenite and peridotite lithologies of the Råna intrusion. Thesehost lithologies are highly resistive and therefore the conductiveresponses have a higher likelihood of being associated with sulphidemineralisation.
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One of the anomalies (“Rånbogen 03”) is a steeplysouth dipping, very strong conductor located at the basal contactbetween the intrusion and footwall gneiss which is known in areas tocontain conductive graphitic rock units. The location at the base ofthe intrusion is also a highly prospective setting for theaccumulation of massive sulphides.
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Where the conductive anomalies extend to surface, theydisplay a strong correlation with coincident nickel-copper mineralisedmassive and disseminated sulphide identified by historical rock chipsampling (Figure 3).
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Target “Rånbogen 02” correlates well withhistorical drilling on the northern margin of the conductive anomalywhich returned a best intercept of 17.5 metres @ 0.53 % Ni, 0.12 % Cu,and 0.05 % Co from 101 metres (SH004), including 2.5 metres @ 1.13 %Ni, 0.24 % Cu, and 0.10 % Co (see ASX announcement dated 18 January2023).
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Ground-based and downhole electromagnetic (EM) surveysto aid detailed drill targeting are in progress at Rånbogen.
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The drill rig will be switched to a helicopter portablesystem in early August and transferred from the Bruvann Mine area toRånbogen to test these conductive targets.
Andrew Tunningley,Kingsrose Head of Exploration, commented “ Three ofthe four conductive bodies identified from the SPARTAN MT data arecoincident with mineralised massive to disseminated sulphide rock chip samplesat surface and all four conductive bodies are hosted within, or at thebase of, the intrusion, spatially associated with peridotite andpyroxenite units. These targets are therefore highly prospective, withlimited historical drilling that intercepted broad zones ofdisseminated mineralisation near surface and higher grade, narrowsub-intervals associated with massive sulphide .”
Fabian Baker,Kingsrose Managing Director, adds “ Our exploration team is bringing a fresh approach to exploration atRåna, utilising modern understanding of nickel sulphide depositmodels and geophysical techniques never employed on the projectbefore. Exploration is continuing to generate compelling targets andwith a drill rig currently on site we look forward to testing severalpriority areas during the Norwegian summer .”
Discussion of Results
Rånbogen is located at the northern part of the Rånaintrusion (Figure 1), at the contact between footwall gneiss and acomplex zone of peridotite, pyroxenite and gabbronorite at the deeperparts of the intrusion. The intrusion strikes east-west and dipsmoderately to the south-southeast. Laterally extensive zones ofnarrow, elongate xenoliths of gneiss are mapped from east to west at atransition zone between lower ultramafic dominant units into uppergabbronorite dominant units, inferred as a palaeo-roof pendant whichformed part way through the intrusion’s evolution.
Mineralisation is mainly hosted in the peridotite andpyroxenite units, comprising disseminatedpyrrhotite-pentlandite-chalcopyrite with one to three metre thickzones of massive sulphide. Localised concentrations at the contactsbetween intrusive rocks and gneiss xenoliths are also observed.Massive sulphide zones occur in outcrop and historical drill core,striking east-west over at least 100 metres and plunging southeast todepth where mineralisation is open.
The MT survey was designed to model conductive zonesassociated with outcropping mineralisation to depth for drilltargeting, as well as to identify blind conductive zones which havepotential to host massive sulphide mineralisation. Four conductivezones are observed in the MT data (Figure 2), largely coinciding withmineralised rock chip samples at surface and proximal to historicalmineralised drill intercepts. Similarly to Bruvann ( see news release dated 21 July 2023 ), mineralisation is observed at the steep gradients betweenmoderately and strongly conductive anomalies:
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ånbogen 01: A complex 470 by 400 metre, roughlycircular anomaly in plan view which dips moderately southeast to atleast 300 metres down dip. Massive sulphide nickel-coppermineralisation is observed in outcrop on the northeastern andsoutheastern margins of the anomaly, which is undrilled(Figure 3).
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ånbogen 02: An ovoid, 400 by 200 metre, east-weststriking anomaly at the southern margin of the survey area. Historicaldrill holes were collared on the northern margin of the anomaly.Kingsrose considers that the historical holes were drilledsub-optimally relative to the orientation of the anomaly. Severalhistorical holes intercepted significant mineralisation with ahighlight intercept of 17.5 metres @ 0.53 % Ni, 0.12 % Cu, 0.05 % Cofrom 101 metres (SH004), including 2.5 metres @ 1.13 % Ni, 0.24 % Cu,0.10 % Co ( see news release dated18 January 2023 ). The mineralisationhere is open along strike and down dip.
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ånbogen 03: An east-west, 300 by 100 metre anomalywith a very steep gradient, open to the north and located at thecontact between basal peridotite and footwall gneiss. This isundrilled and with little outcrop.
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ånbogen 04: An elongate, 800 by 130 metre, moderatelyconductive anomaly with a central, deeper,strongly conductive core over 300 by 100 metres. The anomaly iscoincident with gabbronorite at surface crosscut by strongly oxidised0.5 metre thick veins with up to 0.37 % Ni and 0.32 % Cu in historicalrock chip samples ( see news release dated 18 January 2023 ). The anomaly is immediately east and along strike from amapped peridotite sill.
A follow up ground-based EM survey combined withattempted downhole EM of historical holes (depending upon the state ofthese holes) is currently in progress to further define conductivezones prior to drill testing. Drilling at Bruvann is underway and willtransition to a helicopter portable rig in early August to allowdrilling at Rånbogen to commence.
Figure 1: Råna Project area andlocation of 2023 geophysical programs
Figure 2: Map showing priorityexploration targets
at the Rånbogen prospect, RånaProject
Figure 3: Section A-A’ (100 m widesection) showing mineralised massive
sulphide at surface and in
historical drillholes located at theMT gradient of moderate to high conductivity, Targets Rånbogen 01 andRånbogen 02, Råna Project.
Kingsrose Mining Limited
Kingsrose is a leading sustainability-conscious andtechnically proficient mineral exploration company listed on the ASX.The Company has a discovery-focused strategy, targeting theacquisition and exploration of critical mineral deposits having Tier-1potential, that has resulted in the acquisition of, or joint ventureinto, the Råna nickel-copper-cobalt, Penikat PGE and PorsangerPGE-nickel-copper projects in Finland and Norway. Additionally,Kingsrose has been selected for the first cohort of the BHP Xplorexploration accelerator program which commenced in January2023.
QualifiedPerson
Mr. Paul Sarjeant, P. Geo., a Director andshareholder is the qualified person for this release as defined byNational Instrument 43-101 - Standards of Disclosure for MineralProjects.
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Global Energy MetalsCorporation
(TSXV:GEMC |OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. offersinvestment exposure to the growing rechargeable battery and electricvehicle market by building a diversified global portfolio ofexploration and growth-stage battery mineral assets.
Global Energy Metalsrecognizes that the proliferation and growth of the electrifiedeconomy in the coming decades is underpinned by the availability ofbattery metals, including cobalt, nickel, copper, lithium and otherraw materials. To be part of the solution and respond to thiselectrification movement, Global Energy Metals has taken a‘consolidate, partner and invest’ approach and in doing so haveassembled and are advancing a portfolio of strategically significantinvestments in battery metal resources.
As demonstrated withthe Company’s current copper, nickel and cobalt projects in Canada,Australia, Norway and the United States, GEMC is investing-in,exploring and developing prospective, scaleable assets in establishedmining and processing jurisdictions in close proximity to end-usemarkets. Global Energy Metals is targeting projects with low logisticsand processing risks, so that they can be fast tracked to enter thesupply chain in this cycle. The Company is also collaborating withindustry peers to strengthen its exposure to these criticalcommodities and the associated technologies required for a cleanerfuture.
Securing exposure tothese critical minerals powering the eMobility revolution is agenerational investment opportunity. Global Energy Metals believesNow is the Time to be part of this electrificationmovement.
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