Kuniko (ASX: KNI) has discovered a new shallow mineralized zone at the Middagshvile site in Norway, which has yielded the company’s highest cobalt assays to date.
After the successful maiden drilling programme in mid-2022 at the Middagshvile location of the Skuterud Cobalt Project, which resulted in cobalt mineralisation intercepts in all eight diamond drill holes, Kuniko expanded its drill campaign in February 2023 to assess the continuity and extent of mineralization both along strike and at depth.
Notable intercepts from the maiden drill campaign ranged from 2.0m to 11.1m, with assay grades ranging from 0.07% to 0.10% Co, and a high-grade cobalt result of 0.34% Co over 1m.
This successful programme confirmed the extension of mineralization along a 450m strike length and identified untested EM conductors within and south of this zone, indicating the potential for a significantly larger-scale cobalt and copper mineralization at Skuterud.
In light of these findings and the open nature of mineralization along strike and at depth, a second drill programme was conducted to investigate the distribution, control, and extent of high-grade mineralization.
Drilling programme results summary:
o 6.2m @0.43 % Co from 25.2m in KNI_MDV011, including significant intersections of
o 1.0m @1.08 % Co from 30.4m and 3.0 m @0.52 % Co from 25.2m.
o 2.1m @0.21 % Co from 23.2m in KNI_MDV012 o 2.0m @0.08 % Co from 28.8m in KNI_MDV013
“These are exceptional assay results from our new shallow mineralized zone at the Middagshvile target, delivered from our recently completed drilling programme at the Skuterud Cobalt Project,” CEO, Antony Beckmand, said.
“These results build upon our previous findings and reinforce the significant potential of the area where elevated cobalt grades persist in this newly discovered zone. The new near-surface zone of cobalt mineralization intersected by multiple drill holes has now been confirmed through definitive assay grades.
“Middagshvile remains a priority target, and our upcoming field exploration activities will focus on unlocking the full potential of the Skuterud license area, generating additional drilling targets, and achieving high-impact outcomes. We are confident that our continued efforts will contribute to the successful development of the Skuterud Cobalt Project.”
For further information please visit: https://kuniko.eu/
