Kuniko Limited (ASX: KNI) has achieved significant progress through two successful drilling campaigns at its Skuterud Cobalt Project, affirming the project’s potential for high-grade cobalt mineralization.
The maiden drill programme conducted in mid-2022 focused on validating and extending the historical mineralized position at the Middagshvile target, yielding valuable insights into the project’s potential. Notably, this programme strategically included an additional drill hole positioned north of the Middagshvile site, setting the stage for deeper exploration.
Building on the discoveries of the maiden campaign, the second diamond drilling campaign in 2023 further solidified Kuniko’s understanding of the mineralized system. This comprehensive programme not only confirmed the presence of mineralization observed in the maiden programme but also unearthed new mineralized horizons, particularly in drillholes KNI_MDV011 to KNI_MDV014.
The company has stated that the presence of high cobalt grades in this new shallow zone indicated not only the potential for extending the known mineralized horizon but also the possibility of discovering additional mineralized horizons in the vicinity.
Noteworthy intersections include:
▪ KNI_MDV009: Several intersections between 231.5m and 249.8m downhole, including 5.0m @0.05 % Co from 244.8m, including 1.00m @0.09 % Co within the broader mineralized interval.
▪ KNI_MDV010: Broad mineralized interval of 6.2m @ 0.09 % Co from 274.15 m, featuring high-grade cobalt intervals of 0.85m @0.14 % Co, and 1.00m @0.13 % Co.
▪ KNI_MDV016: Drilled from the northernmost pad at Middagshvile, this drillhole was targeting mineralization below drillhole KNI_MDV015. Assay results show mineralized intervals of 5.0m @0.04 % Co, and 0.17% Cu from 228.7m.
As Kuniko moves forward, plans are aimed at capitalizing on the insights gained from the two successful drilling campaigns. Ongoing and upcoming exploration activities include integration of historical data, geological structure analysis, lithological and mineralization modelling, targeted geological mapping, reconnaissance mapping, and optimal drill site selection.
To find out more, please visit www.kuniko.eu
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