Ragnar Metals Limited (ASX: RAG) continues to receive positive assay results from the recent 2022 diamond drill programme further testing the Granmuren nickel-copper discovery in Sweden.
Granmuren is located within the company’s 100%-owned Tullsta Nickel Project 110km NW of Stockholm.
Assay Results
Complete assay results from the programme led by Swedish drilling contractor Allroc AB, have now been received from 22DDTS009 and 22DDTS010 which were both collared from the northeast and angled back toward the southwest aimed to pierce the highly prospective northern contact of the gabbro host intrusion.
Assay results have been returned from 22DDTS010 and successfully returned multiple intervals of variably disseminated, blebby, matric, vein, semi-massive and massive nickel-copper-cobalt sulphide within the upper zone from 153m to 189m and a lower zone from 338m to 444.9m. T
he highlight assay results are clearly from the upper zone where high tenor variable sulphide of robust width returned 30m at 0.78% Ni, 0.46% Cu & 0.1% Co from 167m. These are the highest-grade assays within the upper zone to date on the project and are considered highly significant.
Assays for 22DDTS010 also returned a thick lower zone of moderate tenor disseminated nickel-copper-cobalt sulphide of 42m at 0.23% Ni, 0.18% Cu & 0.08% Co from 389m, including zones of high tenor massive sulphide 2.9m at 1.14% Ni, 0.38% Cu & 0.1% Co.
“The Project continues to deliver excellent results and confirms our belief that the best is yet to come at depth. We also firmly believe this is a highly prospective regional ground holding, and with ongoing drilling, we are confident there will be further discoveries,” Executive Director Eddie King said.
“Assay results were also returned from 22DDTS009 where a significant interval of moderate tenor disseminated nickel- copper-cobalt sulphide within the upper zone returned 86m at 0.26% Ni, 0.24% Cu & 0.02% Co from 187m as well as a similar lower zone that returned 46m at 0.32% Ni, 0.29% Cu & 0.03% Co including a higher-grade massive sulphide interval of 2.0m at 0.94% Ni, 0.66% Cu & 0.1% Co.
“These assay results in the upper zone are the highest grade to date which strongly supports Ragnar’s depositional model that will ultimately assist discovery efforts focused on the deeper basal massive sulphide zone.
“The new assay results will be incorporated with the new downhole IP and EM data that is scheduled for early January 2023 and will produce a robust 3D model to accurately define deeper drill targets that are now Ragnar’s highest priority focus.
“Ragnar is also awaiting assay results for 22DDTS012 intersected 137m containing 8% visual sulphide estimates along with various intervals of massive and semi-massive sulphides.”
