Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Former FBI Director Robert Mueller has Parkinson’s disease:...
Earthwise Advertising & Investor Awareness Campaign
Commencement of Henbury Field Program
RCM to Acquire Webbs Consol Silver Project from...
Basin Energy
Epstein estate to hand over ‘birthday book’ to...
Dyan Cannon denied White House entry after lying...
Israel eliminates Houthi prime minister in Yemen airstrike...
Sen. Bernie Sanders calls on RFK Jr. to...
Trump appointee exits US foreign aid agency after...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Kingsrose-BHP Alliances Announce High Grade Rockchips and Provide Progress Update

by admin January 30, 2025
January 30, 2025
Kingsrose-BHP Alliances Announce High Grade Rockchips and Provide Progress Update

Kingsrose Mining Limited (ASX: KRM) (Kingsrose or Company) is pleased to provide a progress update on the Finnmark (Norway) and Central Finland exploration alliances with BHP (Alliances).

HIGHLIGHTS

  • With the support of BHP’s generative exploration expertise, Kingsrose is applying mineral systems analysis of the mineral belts to identify the most prospective areas for discovery of polymetallic copper- nickel-PGE massive sulphide.
  • US$2.7 million of the combined US$5.0 million committed expenditure for Year 1 of the ‘Project Generation Phase’ of the Alliances has been spent on exploration activities to 31 December 2024.

Finnmark Alliance

  • A 5,067 line km airborne gravity gradiometry survey was completed in 2024 (Figure 1) along with 554 soil samples and 208 rockchip samples.
  • High-grade copper in polymetallic copper-gold-PGE sulphide veins was discovered by Kingsrose in the Porsanger and Virdnechokka areas (Figure 1). These veins may be spatially related to, and used as vectors towards, deeper magmatic sulphide accumulations. Highlight results include:
    • 29.7 % Cu, 1.1 g/t Au, 53 g/t Ag, 0.54 g/t Pd, 0.02 g/t Pt, Porsanger (Sample 14398, Plate 1)
    • 4.4 % Cu, 1.8 g/t Au, 0.50 g/t Pd, 0.06 g/t Pt, Virdnechokka (Sample 14508, Plate 2)
  • Regional-scale helicopter-borne EM surveys will commence in late February to explore for conductive bodies spatially associated with intrusions which may represent massive sulphide mineralisation.
  • These combined datasets will be used to generate follow up targets for field work in summer 2025.

Central Finland Alliance

  • 4,980 line km of drone and ground magnetic surveys were completed in the Haapajarvi reservation, along with 795 soil samples and 87 rockchip samples (Haapajarvi and Suonenjoki) (Figure 2).
  • Newly discovered zones of outcropping mineralisation were identified at the Rehula target (Figure 2), including:
    • 0.46% Cu, 110 ppm Co, 0.03 g/t Pd, Rehula (Sample 13616).

Fabian Baker, Managing Director, commented‘We are delighted with both the progress of our exploration programs and continued support from BHP for the Alliances. Systematic exploration using advanced geophysical and geochemical techniques is already returning highly encouraging results which is a testament to the prospective nature of the mineral belts we are exploring for critical minerals copper, nickel and PGEs. With an equally strong and dedicated approach to social and environmental values, we believe the long-term prospects for discovery in these underexplored regions on Europe’s doorstep are high.’

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
Pilbara Gold Exploration Update and Planned Activities – March Quarter
next post
Two Water Wells Completed & Staking Finalised at Lo Herma

You may also like

Zero Candida Technologies:Pioneering Technology-driven, Innovative Solution for Non-drug...

December 18, 2024

Group Eleven Announces C$5M Bought Deal Private Placement

July 22, 2025

Top 5 NASDAQ Cybersecurity Stocks in 2025

January 8, 2025

Lithium Universe LimitedForms Committee with W8BANAKI

August 20, 2024

Cygnus increases highly prospective, under-explored ground position by...

January 9, 2025

Amarc Resources Soars After Major Copper-Gold-Silver Discovery in...

January 22, 2025

Copper Soars to All-time High as Trump Unveils...

July 10, 2025

Quetzal Copper Receives Drill Permit for Princeton Copper...

September 24, 2024

Justin Huhn: Uranium Game On — Supply “Mirage,”...

June 6, 2025

Gold Price Hits New Record, Breaking US$2,950 for...

February 21, 2025

Recent Posts

  • Former FBI Director Robert Mueller has Parkinson’s disease: report
  • Earthwise Advertising & Investor Awareness Campaign
  • Commencement of Henbury Field Program
  • RCM to Acquire Webbs Consol Silver Project from Lode Res.
  • Basin Energy

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (902)
    • Investing (2,872)
    • Politics (3,525)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.