Kuniko Says Phase Two Drilling at New South Wales Project Completed; Shares Fall 4%
MT Newswires Live
Sep 25
Kuniko (ASX:KNI) said phase two diamond drilling was completed at the Commonwealth-Silica Hill project in New South Wales for a total of 1,492 meters, extending the geological understanding of the mineralized system, according to a Friday Australian bourse filing.
Selected phase two drill holes were PVC cased for follow-up downhole electromagnetic surveying, the company said, adding that it is targeting an updated mineral resource estimate for the project for the December quarter.
The mineral exploration company's shares fell nearly 4% in recent trading on Friday.
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