Kuniko (ASX:KNI) – Ertelien Drilling Confirms Significant Mineralisation
Price Sensitive Announcement $
Overview:
Kuniko has completed an 8-hole, 3,794 metre diamond drilling program at the
Ertelien Nickel-Copper-Cobalt Project in Norway and the promising assay results from the first drill hole.
Highlights:
▪ An 8-hole, 3,794 metre diamond drilling program at the Ertelien Nickel-Copper-Cobalt Project has been completed, aiming to expand upon the 23 Mt inferred Mineral Resource Estimate (MRE).
▪ Assay results from the first drillhole, KNI_ER006, reveal intercepts illustrative of
the three mineralised domains included in the MRE.
▪ Assay highlights include:
- High-grade mineralisation of 0.83% NiEq1 over 15.2m from 404.5 m and 1.04% NiEq1 over 2.4m from 473.2 m downhole.
- Significant copper and gold grades up to 3.95% Cu and 2.33 g/t Au within high-grade intersections.
- Extensive disseminated sulphide mineralisation with the drillhole demonstrating an interval of 343.3 m @ 0.20% NiEq1 average grade from 114.8 m.
▪ The mineralisation style at Ertelien shares similarities with the world-class Voisey’s Bay Ni-Cu deposits. Combined with the five newly identified conductor horizons, this reinforces the significant potential for further high-grade discoveries.
▪ Kuniko continues to fast-track development at Ertelien with the completion of a comprehensive drilling program, sampling of historic core material, and geophysical surveys.
▪ The Company aims to expand the known resources and prepare an update to the MRE during late Q3’24.
▪ Upcoming field work will focus on ground truthing geophysical conductors and evaluating the regional scale potential of Ringerike.
Company Notes:
Antony Beckmand, CEO, commented:
“We are very encouraged by the initial assay results from our Ertelien drilling program. The
high-grade intersections and extensive disseminated sulphide zones highlight the significant
potential of the Ertelien project. These results align with our strategy to expand the known
resources in a near term update to the 23Mt mineral resource estimate.”
Full ASX Announcement: cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02821560-6A1213282