Kuniko (ASX: KNI) has obtained positive final assays from its four completed drillholes following the maiden drilling campaign at the Ertelien Nickel Project on its Ringerike Battery Metals Project exploration licenses in Norway.
“We are delighted with the exceptional drill results achieved from our maiden drill programme at the Ertelien Nickel Project which reveal the substantial potential of this nickel-copper-cobalt project,” CEO, Antony Beckmand, said.
“These results validate our commitment to delivering value for our shareholders and highlights the opportunity presented by the growing demand for battery grade nickel sulphate projects.
“As the world transitions to cleaner energy solutions, the demand for nickel sulphate, a key component in electric vehicle batteries, is soaring. Kuniko is strategically positioned to capitalize on this irreversible fundamental in the supply chain and these results reinforce our advantage in the European market. We look forward to continuing to advance the Ertelien nickel project forward to further develop our leading position as a future supplier of battery metals.”
Results to date at the Ertelien have given major insights into the mineralized system that was historically drilled and exploited at the Ertelien site. Two domains of mineralization have been identified, a primary intrusion-hosted phase and another that is structurally emplaced into the footwall gneisses.
The intercepts from the maiden drilling campaign largely fall into the latter domain, with the stand-out interval of 25.1m @1.14%Ni, 1.20% Cu and 0.07% Co in KNI_ER001 demonstrating the more significant resource potential of the intrusion-hosted phase.
Going forward, the focus of exploration will be to delineate and expand on this mineralized zone utilizing a combination of detailed geophysics, diamond drilling and further sampling of historical drill core to advance the project towards a Maiden JORC Resource Estimate.
For further information please visit: https://kuniko.eu/
