Kuniko Zero Carbon Battery Metals (ASX:KNI) reports it has observed ‘exceptional’ cobalt mineralisation drill intersections and new shallow mineralised horizons at its Skuterud Cobalt Project in Norway.
The drilling campaign at Skuterud prioritises around the Middagshvile target, consisting of an anticipated 2,500m in up to 10 diamond drillholes. To date, 6 holes have been completed for 1,779m, testing potential continuous mineralisation interpreted by the maiden drilling program of 2022.
A new shallow mineralised horizon has been intersected in 4 drillholes KNI_MDV011 to KNI_MDV014, with a fifth drillhole KNI_MDV010 also having intercepts with cobalt mineralisation. Additionally, a visually ‘significant’ intersection of the new cobalt-mineralised zone is seen in drillhole KNI_MDV011, with ‘plentiful’ visible cobalt minerals, assumed to be identified as cobaltite.
Kuniko reports drilling has defined a new zone in hole KNI_MDV011 with 6.8m from 24.2m depth, with field observations by geologists identifying a general sulphide content of 1-2%.
Kuniko Chief Executive Officer (CEO) Antony Beckmand says: “Our maiden drilling campaign of last year at Skuterud produced results which gave us confidence in the potential of the project to identify cobalt-copper rich zones at a large scale.
Our further drilling now is cause for excitement with these intersections having an abundance of visible cobalt mineralisation and delivering a new shallow horizon. This is a superb result from our drilling so far at Skuterud which signals the potential for further exploration upside that remains to be unlocked at the project.”
“This is a superb result from our drilling so far at Skuterud which signals the potential for further exploration upside that remains to be unlocked at the project”
The company reports localised foliation-parallel and sometimes vein-hosted bands of strong cobaltite mineralisation have been observed in the zone. In addition, 2 drillholes are planned from a pad constructed to the north of KNI_MDV008, with the potential to extend this system by up to 200m along strike.
Kuniko Zero Carbon Battery Metals is focused on the development of copper, nickel, and cobalt projects in Scandinavia and has expanded to lithium prospects in Canada. The company’s portfolio in Norway includes the Skuterud Cobalt, Ringerike Battery Metals, Undal-Nyberget Copper, Vaga Copper, and Gullklumpan Copper projects.
Images: Kuniko Ltd
