With two drilling campaigns now under its belt, Kuniko (ASX:KNI) says the extent of cobalt mineralisation at its Skuterud Project in Norway continues to present new opportunities in all directions.
A maiden drilling campaign in July 2022 intersected cobalt mineralisation in 8 drill holes at the priority Middagshvile prospect, which Kuniko says provided ‘valuable’ insights into the target’s potential.
A second campaign in February 2023 built on the company’s understanding of Middagshvile, not only confirming the presence of previously identified mineralisation but also unearthing new mineralised horizons.
Notable intersections from this second campaign include 5m at 0.05% cobalt from 244.8m including 1m at 0.09% cobalt, and 6.2m at 0.09% cobalt from 274.15m, including 0.85m at 0.14% cobalt.
Kuniko says the presence of high cobalt grades point not only to the potential to extend mineralisation but also the potential to discover entirely new mineralised horizons in the area.
“These results are indicative of the further potential of the Middagshvile cobalt prospect along the known N-S fahlband trend,” the company said in a statement to the ASX.
“The continuity of the broader mineralised system represents new opportunities in all directions, setting the stage for Kuniko to unlock the project’s potential”
“The continuity of the broader mineralised system represents new opportunities in all directions, setting the stage for Kuniko to unlock the project’s potential.”
Going forward, Kuniko intends to carry out geological and reconnaissance mapping to identify additional targets, as well as the integration of historical data, including logging un-assayed drillholes.
Geological structure analysis will also be undertaken, along with lithological and mineralisation modelling.
Located west of Oslo, the Skuterud Project was at one point the world’s largest cobalt producer, with more than 1 million tonnes of cobalt ore mined between 1776 and 1898.
In addition to Skuterud, Kuniko owns the Ringerike, Undal-Nyberget, Vågå, Gullklumpan, and Fløttum and Gullvåg projects in Norway, and the Fraser, Mia North, and Nemaska South projects in Canada.
Write to Oliver Gray at Mining.com.au
Images: Kuniko Ltd