- Norwegian battery metals explorer Kuniko (KNI) completes an 11-hole diamond drilling program at the Skuterud Cobalt Project in Norway
- Drilling began in early May with seven holes planned to evaluate three highly prospective targets and test for cobalt mineralisation
- Following the identification of visible cobalt at the Middagshvile target, the program was expanded to 11 holes with all intersecting zones of sulphide and cobalt mineralisation
- Drill core has been sent to a storage and processing facility for photographing, cutting and sampling with the samples to then be sent to ALS laboratories in Sweden for analysis
- Kuniko was up 14.4 per cent with shares trading at 79.5 cents at 2:13 pm AEST
Norwegian battery metals explorer Kuniko (KNI) has completed an 11-hole diamond drilling program at the Skuterud Cobalt Project in Norway.
Drilling began in early May with seven holes, for 2800 metres, planned to evaluate three highly prospective targets and test for cobalt mineralisation.
Following the identification of visible cobalt at the Middagshvile target, the program was expanded to 11 holes.
Notably, all holes at Middagshvile intersected zones of sulphide and cobalt mineralisation with work defining a zone that remains open at depth and along strike to the north.
Drill core has been sent to a drill core storage and processing facility for photographing, cutting and sampling with the samples to then be sent to ALS laboratories in Sweden for analysis with results expected in 60-90 days.
Once results have been received, structural geological data has been received and geological mapping is completed, Kuniko will plan further drilling programs.
“Early signs of visible cobalt in the original four holes encouraged the expansion of the drill program to eight holes and we now have visible cobalt in seven of the eight drill holes, defining a mineralised zone open to depth and along strike towards the north,” CEO Antony Beckmand said.
“With the successful drilling program at the Skuterud Cobalt Project, we will continue to prioritise the development of this important project.”
Kuniko was up 14.4 per cent with shares trading at 79.5 cents at 2:13 pm AEST.