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The latest update is out from Kuniko Ltd. ( (AU:KNI) ).
Kuniko Limited reported a strong March quarter as it advanced its Commonwealth–Silica Hill Gold–Silver Project in New South Wales and broadened its exploration footprint. The company completed a A$3.75 million capital raising and ended the period with about A$3.69 million in available funds, providing a solid cash base to support ongoing drilling and regional work.
Operationally, Kuniko finished its Phase I diamond drilling campaign at Commonwealth and Silica Hill, completing six holes for 1,239 metres, all of which intersected visible sulphide mineralisation. The program delivered a new mineralised zone at Silica Hill, including a broad 70‑metre zone of disseminated and stringer sulphides and a thicker sulphide vein about 100 metres outside the existing mineralisation model.
Step‑out drilling confirmed the continuity of a massive sulphide lens at depth and along plunge at Commonwealth Main, reinforcing confidence in the geological model and the scale of the system. Assay results from the Phase I drilling are expected shortly, with Phase II drilling preparations progressing as the company targets systematic expansion of the mineralised footprint.
Beyond the immediate deposits, a Mobile MT geophysical survey outlined a roughly 4‑kilometre conductive corridor that significantly enlarges the project’s exploration scope. Complementary geochemistry at Gladstone West and Geenobby has defined coherent gold–silver anomalies and multiple walk‑up drill targets, underlining the potential for further discoveries along the broader trend.
Management says the integration of geophysics and geochemistry has materially increased the perceived scale of the Commonwealth Project and supports its thesis of a district‑scale mineral system. With multiple high‑priority targets emerging and a funded drilling pipeline, Kuniko positions itself for a catalyst‑rich period that could enhance its standing in the Australian gold‑silver exploration sector and create value for shareholders through continued discovery.
More about Kuniko Ltd.
Kuniko Limited is a mineral exploration company focused on gold and silver projects in Australia, with its flagship Commonwealth–Silica Hill Gold–Silver Project located in the Lachlan Fold Belt of New South Wales. The company targets shallow, high-grade gold‑silver‑copper and associated sulphide mineralisation with open‑pit potential and aims to build a district‑scale position along a multi‑kilometre prospective corridor.
Average Trading Volume: 715,124
Technical Sentiment Signal: Sell
Current Market Cap: A$6.95M
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