Kuniko Ltd. (ASX: KNI) has reported that its drill programme at the Middagshvile target, Norway, continues to yield solid cobalt results, confirming significant mineralization.
Antony Beckmand, CEO, commented: “Our drilling programme at the Middagshvile target continues to deliver ongoing success, with several key positive outcomes for Skuterud. Most notably, we have discovered an expanded strike length of the mineralization, which is an exciting development.”
Drillhole KNI_MDV014 has returned high-grade assays in both the shallow and deeper targets at Middagshvile.
Assay results from KNI_MDV014 and KNI_MDV015 in the deeper mineralized zone at Middagshvile confirm the continuity of mineralization and highlight the potential for higher-grade zones.
Notably, initial results from the northernmost drill pad, particularly drillhole KNI_MDV015, demonstrate cobalt mineralization extending for a minimum of 550m along the strike in the deeper target zone. This extension underscores the expansive nature of mineralization at Middagshvile, which remains open both along strike and at depth.
Results include hole KNI_MDV011 of 6.2m @0.43% Co from 25.2m, including the highest-grade interval to date of 1.0m @1.08% Co from 30.4m.
Additionally, activities have yielded significant findings, including the identification of key host lithologies at historical mine sites as far north as the Svartfjell mine, approximately 7km north of Middagshvile, supporting Kuniko’s understanding of the main Fahlband zone’s characteristics.
Finally, the company has reported that the main Fahlband zone offers a significant exploration upside with the potential to discover new cobalt mineralization along this trend.
Ongoing exploration efforts remain focused on unlocking the full potential of the Skuterud project, with plans to refine future drilling campaigns and gather additional geological information.
Mr. Beckmand continued, “Additionally, the confirmation of a higher-grade shallow lens within this zone marks a significant advancement. Equally promising is the potential for locating more of these lenses, which further boosts our confidence in the project’s prospects,”
“Our focus remains on unlocking the full potential of the Skuterud project. We are optimistic about the project’s future and look forward to updating our shareholders on further progress and milestones.”
To find out more, please visit www.kuniko.eu
