Kuniko (ASX:KNI) has observed an exceptional cobalt mineralisation drill intersection and new shallow mineralised horizon at Skuterud.
Kuniko says the priority of the drill programme has been around the Middagshvile target where previous drilling by Kuniko delivered cobalt mineralisation in 8 of 8 drill holes and defined a mineralised zone of 450m, open along strike and at depth.
It also says a new shallow mineralised horizon has been intersected in four drill holes, with a fifth drill hole also having intercepts with visually identifiable coablt minerals.
Kuniko says a visually significant section of the new cobalt-mineralised zone is seen in a drillhole, with plentiful visible cobalt minerals, likely identified to be cobalite.