Porsanger

• Porsanger is located within the underexplored Karasjok Greenstone Belt, which extends from northern Norway into Finland and the Central Lapland Greenstone Belt. This belt of rocks is highly prospective for magmatic nickel-copper-PGE sulphide deposits.
• The Central Lapland Greenstone Belt is host to the producing Kevitsa nickel-copper mine operated by Boliden, and the Sakatti nickel-copper-PGE deposit discovered by Anglo American in2009. Both Sakatti and Kevitsa deposits are hosted in 2.06 Ga mafic-ultramafic intrusions. Intrusions of a similar age occur at Porsanger and are mineralised.
• Porsanger was drilled in the 1990s by the Norwegian Geological Survey as part of a copper exploration program. The historical drilling intercepted broad, low to moderate grade, palladium dominant PGE mineralisation with copper and rare nickel mineralisation in two small outcropping intrusions called Porsvann and Karenhaugen. No follow up exploration was conducted. Historical intercepts include
  • 45 metres at 1.4 g/t 4E and 0.1 % Cu (0.9 g/t Pd, 0.4 g/t Pt, 0.04 g/t Rh and 0.06 g/t Au) from 65 metres (hole PV-01), including
    • 15 metres at 2.6 g/t 4E and 0.2 % Cu (1.8 g/t Pd, 0.7 g/t Pt, 0.08 g/t Rh, 0.09 g/t Au) from 90 metres
  • 75 metres at 0.9 g/t 4E and 0.1 % Cu (0.6 g/t Pd, 0.3 g/t Pt, 0.03 g/t Rh, 0.03 g/t Au) from 16 metres (PV-04) including
    • 1 metre at 6.9 g/t 4E, 0.5 % Cu and 0.1 % NiS (Nickel Sulphide) (5.1 g/t Pd, 1.5 g/t Pt, 0.15 g/t Rh, 0.23 g/t Au) from 34 metres
  • Kingsrose intends to explore the known mineralised intrusions for the occurrence of additional disseminated mineralisation as well as explore the potential for higher grade massive sulphide mineralisation which has never been targeted before in the region.
  • Exploration by Kingsrose to date has identified a 350m by 400m, shallow conductive body at Karenhaughen, immediately down dip from mineralised outcrop. A new zone of mineralised intrusives was identified in the SW part of the licence area.
  • The company is currently applying for drill permits at the Porsvann and Karenhaugen intrusives and will continue with a systematic program at the earlier stage projects to generate additional drill targets.

Location and Property Description

Mineral Tenure and Permits

Geology