Conico has wrapped up its drilling season in the icy climes of east Greenland, finding a host of copper sulphides in core from its 100% owned Ryberg project.

A total of 11 holes were completed at the project across four prospects in a six month long drilling program, targeting copper, nickel, gold and platinum group elements at Ortekap, Miki, Cascata and Pyramid.

The first assays are expected within just two weeks from the Sortekap and Cascata prospects, with diamond hole SDD004 reporting 4.2m of disseminated sulphides from 103.6m and 15.8m of disseminated sulphides from 260.4m.

Two of the three holes at Sortekap intersected weakly disseminated and or disseminated sulphides within a mafic dyke.

That came on top of positive signs from six holes at the Miki prospect, where five encountered weakly disseminated or disseminated sulphides.

They included:

  • MIDD011:
    • 7 metres of disseminated sulphides from 180.2m.
  • MIDD013:
    • 8 metres of disseminated sulphides from 38.0 m
    • 0 metres of disseminated sulphides from 56.0 m
    • 4 metres of disseminated sulphides from 82.6 m
    • 9 metres of disseminated sulphides from 102.5 m
    • 6 metres of disseminated sulphides from 109.8 m.
  • MIDD014:
    • 7 metres of disseminated sulphides from 47.0 m.

Visual indicators of sulphide mineralisation are no replacement for lab assays, but they do provide encouragement for Conico’s (ASX:CNJ) future discovery programs at Ryberg.

“Drill meterage at Ryberg was lower than anticipated, however we are pleased to have drilled four prospects at Ryberg this season. The presence of copper sulphide mineralisation in multiple drill holes at Sortekap and Miki is encouraging as historic surface samples at each location are known to carry PGEs,” Conico executive director Guy Le Page said.

The nitty gritty at Ryberg

Drill core from Miki, where over half of the program’s 11 diamond holes were completed, will be sent to labs in Ireland later this week.

Mineralisation consisted of chalcopyrite, often associated with copper mineralisation, with bornite, pyrrhotite/pyrite and magnetite.

Holes were completed along a 3700m length of a dyke where the surface width of the dyke varies between 160-400m.

At Sortekap drilling targeted induced polarisation chargeability and magnetic anomalies from data collected in 2020 and 2021.

SODD004 intersected a zone of mineralisation in the footwall of a mafic dyke and in an adjacent gneiss, intersecting weakly disseminated and or disseminated chalcopyrite with minor pentlandite.

Hole SODD005 also intersected 32.6m of weakly disseminated sulphides from 68.5m.

Meanwhile, a single reconnaissance hole was drilled at Cascata 1600m southwest of two holes sunk by Conico in 2021, while at Pyramid a single hole was drilled to test under a ridge beneath an anomaly identified from 2021 aeromag data, but was abandoned due to poor ground conditions.

 

 

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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.

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