Kuniko (ASX:KNI) reports its recent maiden drilling program has intersected new sulphide mineralisation in two distinct zones at its Undal-Nyberget Copper Project in Norway.
The drilling program encompassed 8 holes drilled into the Myrmalm conductor targets on the Nyberget licence for 1,544m, which was completed in March 2023. In addition, 3 separate geophysical conductor trends, named the West, Middle, and East targets were tested during this program, which reported to ‘confidently’ explain the downhole geology intersected.
The West target was the primary target of the drillhole layout and was intersected over a strike extent of 210m, and at depths of up to 180m below the surface in drillhole KNI_NYB005.
Kuniko reports the West and Middle targets displayed ‘remarkable’ precision, as drillholes intersected stratiform concentrations of sulphide minerals, including pyrite and pyrrhotite, within more than 20m of the modelled plates in the upper 100m of the subsurface.
Additionally, the company reports the Eastern target horizon was explained by a 44m thick sequence of pyrrhotite-bearing sequence of graphitic and chert metasediments, with the conductive plates matching the base of this unit.
The company’s high-spatial precision of the Maxwell Plate modelling workflow was applied to Kuniko’s 2021 SkyTEM geophysical survey proving the ‘high value’ of this type of data at the project.
Commenting on the drilling, Kuniko Chief Executive Officer (CEO), Antony Beckmand says: “Our prior geochemical and geophysical exploration work at the Undal-Nyberget Copper Project developed high confidence targets for drilling.
“…these initial results are demonstrating our maiden drilling program and our exploration strategy applied to the project have been a success”
With two horizons identified from drilling, intersecting sulphide mineralisation over strike lengths of 210m and 128m, these initial results are demonstrating our maiden drilling program and our exploration strategy applied to the project have been a success.”
The company states that it is awaiting laboratory assays, which are expected to provide a definitive assessment of these conductor targets.
In addition, detailed analyses of future multi-element results will aim to uncover potential geochemical signals within and around the intersected sulphide zones, which may give cause to investigate the Myrmalm target further.
Kuniko reports its upcoming field season will focus on using ground geophysics and geochemical sampling to prioritise prospective SkyTEM anomalies to apply this workflow too.
Additionally, the company will conduct a reconnaissance mapping in its recently acquired southwestern extension of the project, which will focus on ground-truthing historical geophysical anomalies and confirm the continuation of prospective geological trends mapped during the 2022 field campaign.
The Undal-Nyberget Copper Project is located in the prolific Roros Copper region, a copper belt that has historical Tier 1 and 2 mines. Historical production from Undal has grades of 1.15% Cu, and 1.86% Zn, while adjacent, Nyberget has had surface grades up to 2%.
Kuniko is an ASX-listed company focused on developing copper, nickel, cobalt, lithium, and other battery metals projects in Scandinavia and has expanded its interests in Canada.
The company’s key assets located in Norway include the Skuterud Cobalt, Ringerike Battery Metals, Undal-Nyberget Copper, Vaga Copper, and Gullklumpan Copper projects.
Images: Kuniko Ltd
