Kuniko Limited provided an update on ongoing drilling at its Middagshvile target near the historic Skuterud Cobalt mine in Norway. According to the company, visible sulfide and cobalt mineralization has been intersected in all five holes drilled to date, defining a mineralized zone open at depth. The intersected, mineralized horizon appears to contain cobaltite and skutterudite, associated with disseminated, veined and rarely semi-massive pyrrhotite > chalcopyrite and pyrite and is estimated to vary between 30m to 50m in thickness (true width unknown). The company advised that the current drill program was extended from 7 to 10 holes, now totaling 3000m and is expected to be completed by mid-July with assay results expected around September.
Cross section through four drill holes at Middagshvile based on preliminary logging. Red line indicates interpreted mineralized zone (Source: www.kuniko.eu)
