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Global Energy Metals Announces Commencement of Partner Operated Drilling at Rana Nickel-Copper-Cobalt Project, Norway
(TheNewswire) Vancouver, BC - TheNewswire - August 12, 2024 - Global Energy Metals Corporat...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Announces Commencement of Partner Operated Drilling at Rana Nickel-Copper-Cobalt Project, Norway\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC -\nTheNewswire - August 12, 2024 - Global Energy Metals Corporation\n \n\n (\n \n\n TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1\n \n\n )\n \n\n (“Global Energy\nMetals”, the “Company” and/or “GEMC”)\n \n\n , a\nmulti-jurisdictional, multi-commodity critical mineral exploration,\ndevelopment and project generating company focused on growth-oriented\nprojects supporting the global transition to clean energy, is pleased\nto announce that joint venture partner,\n \n\n\n\n Kingsrose Mining\nLimited\n \n\n\n\n\n (ASX:KRM)\n(“Kingsrose”) has commenced drilling at the Råna\nnickel-copper-cobalt project in Norway (“Råna”).\n \n\n\n\n\n Arctic Drilling\nAS\n \n\n\n\n\n (“Arctic Drilling”) has been engaged to\ncomplete the drilling, which has been designed to test compelling\nexploration targets comprising mineralised nickel-copper-cobalt\nmassive sulphide at surface with coincident conductive electromagnetic\nplates at the Rånbogen prospect (\n \n\n\n\n\n refer to news release dated July 25,\n2024\n \n\n\n\n\n ).\n \n\n\n\n\n GEMC has a 10%\nownership of Narvik Nikel, a Norwegian holding company which holds an\n100% interest in Råna.  GEMC also has an 1% NSR royalty on Råna.\nKingsrose has committed and is earning up to an 80% interest by\nspending $15 million in project expenditures on the project.\n \n\n\n\n Highlights\n \n\n\n\n\n\n Drilling has now commenced with an\nanticipated completion in early September 2024, with assay results\nexpected in October and November 2024.\n \n\n\n\n\n\n Compelling targets comprise shallow,\nhighly conductive electromagnetic (EM) anomalies immediately down dip\nfrom mineralised nickel-copper-cobalt massive sulphide at\nsurface.\n \n\n\n\n\n\n Completion of a minimum 750 metres\ndrilling will satisfy the drilling milestones under the Transaction\nImplementation Agreement (TIA) with Scandinavian Resource Holdings Pty\nLtd (SRH) and Global Energy Metals (\n \n\n\n\n see\n \n\n\n\n news\nrelease dated January 18, 2023\n \n\n\n\n ).\n \n\n\n\n\n\n Arctic Drilling is a Norwegian owned\nand domicil...