Kuniko Intersects Massive Sulphides, Fast-Tracks Phase 2 Drilling at Commonwealth–Silica Hill

The latest announcement is out from Kuniko Ltd. ( (AU:KNI) ).

Kuniko has reported encouraging early drilling results from its Phase 1 diamond program at the Commonwealth–Silica Hill Project in the Lachlan Fold Belt, where three of six planned holes have been completed for 540 metres. The company has intersected zones of massive, semi-massive and disseminated sulphide mineralisation, including visible silver sulphosalts, which suggest continuity and scale in the Main Shaft massive sulphide lens and broader mineralised system.

Management says the intersections support the project’s potential as a high-value gold, silver and base metals deposit, with the massive sulphide zone remaining open at depth and along plunge. Backed by a strongly supported $3.75 million placement, Kuniko is accelerating a larger Phase 2 drilling campaign in parallel with Phase 1 to validate and expand resources and test new high-priority, district-scale targets, setting up a busy period of exploration and potential resource growth in the months ahead.

The most recent analyst rating on (AU:KNI) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Kuniko Ltd. stock, see the AU:KNI Stock Forecast page.

More about Kuniko Ltd.

Kuniko Ltd. is a mineral exploration company focused on gold, silver and base metals, with current work concentrated on the Commonwealth–Silica Hill Project in the Lachlan Fold Belt of New South Wales. The company is targeting high-value polymetallic deposits and is building a pipeline of district-scale exploration targets supported by recent geophysical and geochemical programs.

Average Trading Volume: 434,143

Technical Sentiment Signal: Sell

Current Market Cap: A$8.08M

See more data about KNI stock on TipRanks’ Stock Analysis page.