Kingsrose Mining provided an update on its Exploration Alliance with BHP. After spending two million USD on the Central Finland Project to date, BHP has elected to terminate the Central Finland Alliance and focus its exploration efforts on Finnmark. All exploration tenure in central Finland, including the recently acquired Jakon project will be retained 100% by Kingsrose.
With regards to Finnmark, Kingsrose further announced it entered into an option agreement with EMX Royalty Corp to acquire the Gallujavri project, thereby making the project part of the Finnmark Alliance.
Semi-massive to massive sulfide intersections from the Jakonen Ni-Cu-Co project in central Finland (Source: www.kingsrose.com)
