Kuniko Extends High-Grade Sulphide Zone at Commonwealth Main Shaft

Kuniko Ltd. ( (AU:KNI) ) has shared an update.

Kuniko has reported initial assay results from its maiden Phase I diamond drilling program at the Commonwealth–Silica Hill Project, confirming high-grade massive sulphide mineralisation at the Commonwealth Main Shaft. The first two holes, drilled as down-dip step-outs, intersected significant gold, silver, zinc and lead grades, extending mineralisation at depth and along plunge while demonstrating continuity with historical intercepts.

All six Phase I holes intersected mineralisation, and drilling at nearby Silica Hill has outlined a new zone roughly 100 metres beyond previously known mineralisation, remaining open in several directions. Together with a four-kilometre conductive corridor defined by geophysical surveys and additional geochemical targets, these results position Kuniko to launch a larger Phase II drilling campaign aimed at expanding the system and potentially defining a sizeable, continuous deposit.

More about Kuniko Ltd.

Kuniko Ltd., listed on the ASX, is a mineral exploration company focused on the Commonwealth–Silica Hill Project in New South Wales’ Lachlan Fold Belt. The company is targeting shallow, high-grade gold, silver, zinc and lead mineralisation with potential for open-pit development, alongside a deeper copper-gold source typical of volcanogenic massive sulphide systems in a district-scale corridor with multiple drill targets.

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