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The latest announcement is out from Kuniko Ltd. ( (AU:KNI) ).
Kuniko has reported a major new silver-gold discovery at its Silica Hill prospect within the Commonwealth–Silica Hill Project in New South Wales. The find includes bonanza-grade mineralisation up to 20,603 grams per tonne of silver and 27 grams per tonne of gold in drill hole CMKNI004, located about 100 metres outside the existing mineralised envelope, indicating a significant expansion of the known system.
Results from holes CMKNI004 and CMKNI003 reveal both very high-grade, vein-hosted intercepts and broad zones of disseminated sulphides, supporting the interpretation of a large, fertile and vertically extensive hydrothermal system. The discovery, which appears structurally offset and open in all directions, has effectively opened new search space at depth and prompted a Phase 2 drilling program starting in June to pursue extensions and higher-grade zones, underscoring the project’s growth potential for investors and stakeholders.
More about Kuniko Ltd.
Kuniko Limited (ASX: KNI) is a mining and exploration company focused on precious and base metals, including silver, gold, lead and zinc. Its activities in New South Wales centre on the Commonwealth–Silica Hill Project, where it is targeting high-grade vein-hosted mineralisation and broader sulphide zones within a large hydrothermal system.
Average Trading Volume: 883,228
Technical Sentiment Signal: Sell
Current Market Cap: A$7.16M
See more data about KNI stock on TipRanks’ Stock Analysis page.