Conico Greenland project

Conico targeting polymetallic mineralisation with drilling campaign at Ryberg Project, Greenland

Conico (ASX:CNJ) has started drilling at the company’s 100% owned Ryberg Project located on the east coast of Greenland.

Conico notes that the first drillholes are targeting PGE-gold mineralisation at Cascata (CADD003) and copper-nickel-PGE-gold mineralisation at Sortekap (SODD004).

The company reports that field investigations of new prospects identified from the 2021 aero-magnetic survey including Pyramiden, Quest, and Qiterpiaaneq are due to start in the coming days.

Drilling is also scheduled to commence at Mestersvig this week, with personnel and all equipment already on site.

Ryberg is multi-element project spanning an area of 4,521km-square

Ryberg is multi-element project spanning an area of 4,521km-square on the east coast of Greenland, only 430km NW of Iceland.

The tenement lies within an under-explored mineral province and has had a significant amount of magmatism intrude sulphur-rich sediments of the Kangerlussuaq Basin.

Geochemical analysis has identified samples that are rich in copper, nickel, cobalt, palladium and gold. Drill-ready targets have already been identified utilising a combination of high-resolution geophysics and geochemistry.

Conico reports that magmatic sulphides have been seen throughout the licence area, but most activities to date have focussed on the Miki and Togeda Dykes, linear intrusions that combined extend for more than 50km and have sulphide mineralisation along their margins.

The sulphides are globular/disseminated (up to 20cm in diameter) and grab samples taken from the surface grade up to 2.2% copper, 3.3g/t palladium, and 0.2g/t gold.

Images: Conico Ltd
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Written By Adam Orlando Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.