Kingsrose Mining advised that it received permission from the Ministry of Trade and Fisheries of Norway to conduct exploration drilling at its Karenhaugen prospect in Finnmark County. The Karenhaugen intrusion is prospective for magmatic PGE-copper mineralization. In 2022, Kingsrose conducted a fixed loop electromagnetic survey over the intrusion, identifying a strong conductor down dip of known mineralization.
The now-issued decision grants Kingsrose the right to drill from up to seven drill pads during a limited period from 1 December to 15 February. During drilling, the company must further assess the risks and impact of drilling and provide for two members of the reindeer herding district 14A to be present during operations. Following the decision, the company plans to drill in December 2024.
It is the company’s view that, while the decision may be appealed to the “King in Council”, it is expected to be upheld due to the extensive consultations conducted and the detailed project description and impact assessments provided by the company.
Cross section through the Karenhaugen intrusion ASX release 12.10.2022 (Source: www.kingsrose.com)
