Kuniko (ASX:KNI) show record breaking cobalt at Skuterud
May 31, 2023Kuniko is almost certain that they have found a significant amount of cobalt at its exciting Skuterud cobalt project in Norway.
The project’s Middagshvile zone has shown promising high-grade grades, leaving the company eagerly awaiting further assays to confirm this significant discovery near the surface.
Several drill holes have shown promising intersections and high grades, which may lead to the discovery of a high-grade cobalt deposit in a deeper mineralised zone.
Highlight Grades
- 6.2 m @ 0.43 % Co from 25.2 m in KNI_MDV011, including significant intersections of o 1.0 m @ 1.08 % Co from 30.4 m and 3.0 m @ 0.52 % Co from 25.2 m.
- 2.1 m @ 0.21 % Co from 23.2 m in KNI_MDV012 o 2.0 m @ 0.08 % Co from 28.8 m in KNI_MDV013
An illustrative representation is shown in Figure 1 of the target envelope in the MDV011-012 section, along with the three relevant Maxwell Plate geophysical models.
“These are exceptional assay results from our new shallow mineralised zone at the Middagshvile target, delivered from our recently completed drilling program at the Skuterud Cobalt Project,” Kuniko CEO Antony Beckmand said.
“These results build upon our previous findings and reinforce the area’s significant potential where high cobalt grades persist in this newly discovered zone.
“The new near-surface zone of cobalt mineralisation intersected by multiple drill holes has been confirmed through final assay grades.”
Understandably, Middagshvile will be viewed as a priority target, with high expectations for achieving excellent results.
“Our upcoming field exploration activities will focus on unlocking the full potential of the Skuterud license area, generating additional drilling targets,” Mr Beckman added.
During the Q2-Q3 field season, the focus of Further Exploration will be on identifying the impact of structural solid and lithological factors on high-grade pay shoots.
About Kuniko
Kuniko is a company that specialises in developing Scandinavia copper, nickel, and cobalt projects. They have also shown an interest in lithium prospects in Canada. Kuniko is committed to maintaining a net zero carbon footprint throughout their projects’ exploration, development, and production, which is strictly mandated. Their critical assets are located in Norway and Canada.
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