Conico has good reason to be pleased after drilling at its Mestersvig project intersected zinc, lead and copper sulphides consistent with mineralisation at the historical Blyklippen mine.
Eight of the 10 holes drilled intersected disseminated, heavily disseminated and/or matrix sulphides with notable intercepts of 15.5m of disseminated and heavily disseminated sulphides from 211.5 metres in hole BKDD004 and 4.5m of matrix sulphides from 134.1m in hole SBDD003.
Notably for Conico (ASX:CNJ), not only do the sulphides in core appear consistent with mineralisation at the Blyklippen Mine within the licence area and the Sortebjerg prospect, the prospective horizon also remains open at strike.
There’s another 9km of undrilled strike on Blyklippen-hosted vein and a further 14 km of untested mineralised quartz vein-bearing faults throughout the project area, which translates into plenty of room for growth through exploration.
“Mineralisation at Mestersvig is readily identifiable via visual investigation, with most holes penetrating the anticipated vein system that is known to contain zinc, lead, copper and silver mineralisation,” executive director Guy le Page said.
“It is pleasing to see that the mineralised vein continues along strike, proving our modelling to be correct and we await the assay results with anticipation.”
Drilling to test for extensions to the known mineralised vein system identified at Blyklippen and Sortebjerg was carried out by two rigs owned by the company which will remain on site until the start of the proposed 2023 field season.
Nuldal reconnaissance
Adding to this, follow-up reconnaissance at the Nuldal prospect identified a mineralised vein running roughly parallel with Blyklippem which trends north-south and contains several galena-bearing outcrops and silver mineralisation.
While two rock chip samples taken in 2020 returned assays of 60.66% lead, 0.91% copper and 236 grams per tonne (g/t) silver, and 69.47% lead, 0.77% copper and 282g/t silver, field observations this year have found a one metre wide occurrence of massive galena with disseminated chalcopyrite in outcrop.
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This article was developed in collaboration with Conico (ASX:CNJ), a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.