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Kuniko (ASX:KNI) - CEO, Antony Beckmand
CEO, Antony Beckmand
Source: Hot Copper
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  • Kuniko (KNI) says it encountered encouraging assay results from its newly acquired Nord-Helgeland Project in Norway
  • Sampling of historical mine dumps and workings confirmed the presence of base and precious metal mineralisation across four blocks
  • Overall, grades peaked at 14.35 per cent copper, 1.74 per cent nickel, 0.61 per cent zinc, 0.12 per cent cobalt, 2.64 parts per million (ppm) platinum and 4.84 ppm palladium
  • Kuniko is continuing to consolidate new and historical geochemical and geophysical data to define targets for 2022 drilling programs
  • Shares in Kuniko are up 4.9 per cent and are trading at $2.14

Kuniko (KNI) has encountered encouraging assay results from its newly acquired Nord-Helgeland Project in Norway.

Sampling of historical mine dumps and workings in May 2021 confirmed the presence of base and precious metal mineralisation across four blocks.

Massive and dispersed sulphide ore mineralisation at the Feøy and Karmøy blocks was confirmed with results of up to 14.35 per cent copper, 0.12 per cent cobalt, 0.61 per cent zinc and 1.74 per cent nickel.

Additionally, significant platinum group element (PGE) mineralisation was also identified with up to 2.64 parts per million (ppm) platinum and 4.84 ppm palladium.

At the Romsås areas, selected samples returned up to 0.3 per cent copper and 1.01 per cent nickel.

KNI said these results confirm the reliability of its existing database, the continuing potential for further exploration and the potential for the presence of additional mineralisation types.

Kuniko is continuing to consolidate new and historical geochemical and geophysical data to define targets for 2022 drilling programs.

CEO Antony Beckmand said he’s pleased with the assays received, calling them highly encouraging.

“These assay results are strongly encouraging, reinforcing our knowledge of the available datasets, and telegraphing the valuable potential of our portfolio of battery metals projects in Norway,” Mr Beckmand said

“Further, there is clear potential for further exploration of the pegmatites in our newly acquired Nord-Helgeland Project which may provide an opportunity to expand our interests into valuable technology metals.”

Shares in Kuniko were up 4.9 per cent on the market and were trading at $2.14 at 11:34 am AEDT.

KNI by the numbers
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