Kuniko Ltd (ASX:KNI) has established two new copper projects with exploration licenses granted in the historically important copper producing area of Trøndelag county in Norway.
Highlights
▪ Kuniko has been granted exploration licenses in the historically important copper producing district of Trøndelag, Norway, adding the Vågå Copper Project and the Gullklumpan Copper Project.
▪ Vågå Copper Project, consisting of 33 exploration licenses across a landholding of 321.6 square kilometres, is set in an area hosting nine historical copper mineral occurrences, including the historic Åsoren, Sel and Rapham copper mines.
▪ The geological setting of theVågå Copper Project is considered similar to that surrounding the globally significant Løkken copper deposit which has had 24 Mt of ore mined at 2.3% copper and 1.8% zinc.
▪ Exploration data for the Vågå Copper Project includes aeromagnetic and very low frequency (VLF) surveys, providing anomalies representing immediate targets, including a prospective horizon with a known strike extent of ~nine kilometres, south of the historic Åsoren Mine. A further shallow conductor (Nysetermoene target) can also be traced for several kilometres.
▪ Exploration plans at the Vågå project to be undertaken mid-2023, after completion of drilling at Kuniko’s priority copper, nickel and cobalt projects, includes loupe electromagnetic geophysics and a reconnaissance soil sampling programme to validate historical geochemical and geophysical anomalies.
▪ Gullklumpan Copper Project consists of 9 nine exploration licenses across a landholding of 73.0 square kilometres, with geological continuity to significant mining districts in the region and highlighted by discovery in 2004 of outcropping nickel-copper- cobalt mineralization and an airborne geophysical survey published in 2021.
▪ The main target at Gullklumpan is a three-kilometre-long feature marked by a strong coincident magnetic and conductivity anomaly.
▪ Exploration activity at Gullklumpan, planned for Q3’23, includes reconnaissance mapping and outcrop sampling to assess prospectivity of VMS mineralization.
▪ Kuniko’s has secured permitting for drilling at the Skuterud Cobalt Project commencing in January 2023 and the Ertelien Nickel Project at Ringerike in February 2023. The drilling application for the Undal-Nyberget Copper Project is being processed and approval expected in Dec’22.
“We are pleased to strengthen Kuniko’s position, portfolio and project pipeline with the addition of these two exciting projects in a district prolific for copper mineralization and historic mining activity,” CEO, Antony Beckmand, said.
“These acquisitions have been undertaken with careful consideration of the regional geology and prospectivity highlighted by already available data, while complementing the suite of battery minerals focussed projects Kuniko is currently developing in Europe, for Europe.”
For further information please visit: https://kuniko.eu/
