Testing Of Large Target Commences at Tullsta Nickel Project
Ragnar Metals Limited (ASX: RAG) has commenced exploration and drilling activities at the company’s 100% owned Tullsta Nickel Project in Sweden.
Ragnar has commissioned Swedish drilling contractors Allroc AB to complete a minimum of 2,200m of diamond core drilling. The project will be managed by Ragnar’s in country geological consultants GeoVista AB, who have been working with Ragnar at the Tullsta Project since 2017 and are entrusted to manage the programme. GeoVista has a team of local geologists to manage and log the drill core as well as completing the core cutting and sampling locally in Sweden.
Chairman, Steve Formica, said the Granmuren Nickel Mineralisation is located within Berga Nr1 tenement, which is one of four tenements making up the Tullsta Nickel Project. The tenements cover the extent of the gabbroic mafic intrusion which hosts the Granmuren Nickel Mineralisation and Ragnar has been granted Work & Environmental Permits to undertake the drilling within the Granmuren mineralised zone.
“We have held Tullsta since 2011 and are excited to finally drill test the potentially large nickel sulphide mineralisation at Granmuren,” Mr Formica said.
“Tullsta has been a drill ready target since 2018 when Ragnar previously completed geophysics and now is an opportune time to drill given that Nickel markets have significantly improved since then.
“This is on the back of a global transition to clean energy with nickel being the main component of batteries in electrical vehicles. The majority of the world’s largest battery plants are situated in Europe potentially giving Ragnar a major competitive advantage should drilling be successful.”
Drillholes will be located to test targets in the anomalous zones defined by the IP resistivity survey and subsequent 3D modelling at the Granmuren nickel deposit.
The Granmuren nickel deposit is strongly supported by the generated 3D models and is characterised by a steeply dipping zone forming an anomaly of up to 150m in width within a gabbroic host rock intrusion. Within this zone there are multiple lenses of nickel sulphide mineralisation that were highlighted during the IP resistivity survey. This survey defined a continuous body that extends from the surface to below the level of drilling which is open to the northwest.
Magnetic and gravity modelling also indicates a western to north-western plunging body trending towards the Tullsta Nr8 permit area, which abuts Berga Nr1 permit. In addition, there is a weakly north plunging, Eastern Anomaly as well as a developing Southern Anomaly that warrant further investigation.
Mr Formica said Ragnar has committed to using diamond drilling and downhole geophysical measurements to test the main NW plunging modelled IP-Resistivity anomaly at the Tullsta Nickel Project with the anticipation of expanding the already defined nickel mineralisation.
Ragnar Metals owns 100% of the Tullsta and Gaddebo Projects which are located near Sala within the Bergslagen District of Sweden, 110km NW of the capital Stockholm. The Tullsta nickel project comprises of five contiguous granted permits covering an area of 136.44 sq. km, Ragnar also owns the Gaddebo Project to the SSE of Tullsta.
