Significant multi-element anomaly clusters along strikesASX:KNI Sep 26, 2022
Objective 1: Results from geophysical and geochemical surveys and analysis
Zero carbon battery metals explorer, Kuniko (ASX:KNI) today released geochemical sampling results from its Skuterud Cobalt Project in Norway.
The detailed geochemical sampling assay results from the 2022 exploration program — from areas away from historic mine workings — have indicated significant multi-element anomaly clusters along strike.
Overall, we think the geochemical sampling program could be a valuable part of future target generation works at KNI’s Skuterud Cobalt Project.
The results have now been integrated with the data set from the previous 2021 campaign to reconfirm the distinctive Skuterud geochemical arsenic-cobalt-copper signature that was identified in the 2021 geochemical data set.
These results provide further evidence of the prospectivity of the project with the potential for additional targets.
KNI reports that the drill core assay data should be available by the end of September. Combined with the visible cobalt mineralisation encountered in 7 of 8 drill holes at Skuterud, this additional data will be integrated into ongoing analysis with the geochemical dataset and will further guide interpretations of the soil sampling data.
KNI reports it has also identified further potential exploration targets at Skuterud for follow-up investigations to test the along-strike continuations of known mineralisation at the Dovikkøllen and Jupedal sites.
Meanwhile, rock and soil assays are complete from KNI’s Nord Helgeland Project in the far north of Norway. However, spodumene was not visually identified in the samples and the pegmatite field does not immediately appear to demonstrate characteristics of other fertile pegmatite fields elsewhere.
CEO Antony Beckman explained that, “the results are not immediately indicative of a prospect of sufficient size to currently warrant taking this exploration further, relative to our other projects. Consequently, our focus and efforts will be firmly on the development of our high potential prospects at Skuterud Cobalt, Ringerike Nickel and UndalNyberget Copper.”