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Conico (ASX:CNJ) prepares to ramp up drilling in Greenland

ASX News, Mining
ASX:CNJ      MCAP $1.805M
12 July 2022 14:00 (AEST)

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Conico (CNJ) has prepared to ramp up drilling activities in Greenland, with drilling to commence at two projects this month.

The company have readied itself to start drilling at its Ryberg project, following the arrival of its field team on site.

In addition, a second team will be mobilised this month for its Mestersvig zinc-lead-copper-silver project, with drilling to commence shortly after.

To accelerate activities, Conico has acquired two diamond drill rigs and relevant equipment in near-new condition.

The new rigs will be mobilised to Mestersvig, with Ryberg to use the three drill rig already located on site.

Shares were trading 6.90 per cent lower today at 2.7 cents each at 1:25 pm AEST.

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