With its initial field staff now on site, Conico is ready to kick off drilling at its Ryberg copper-nickel and platinum group project in east Greenland as it follows up high-grade gold hits it reported earlier this year. It expects a second crew to spin the bit at its Mestersvig zinc-lead-copper-silver project this month.
Conico’s Sortekap prospect, within its fully owned Ryberg project, yielded a number of high-grade gold intersections with the best results including 1m at 42.81 g/t gold from only 41m downhole and 1m grading 2.58 g/t gold from 22m. Five more 1m intervals going at greater than 1 g/t were also discovered.
Once the second crew disembarks from its vessel from Iceland, Conico will have two crews drilling away until the field season finishes in late September.
Conico’s two near-new diamond drilling rigs will enable it to punch out more metreage at Mestersvig. It has three diamond drill rigs already in action at Ryberg.
Mestersvig contains the historic Blyklippen mine that produced a total 545,000 tonnes of ore at 9.3 per cent lead and 9.9 per cent zinc between 1956 and 1962 and is on the east coast of Greenland, 5km from the Mestersvig military base.
Conico is eyeballing multiple, untested mineralised occurrences along 13km of untested strike length that extends from the Blyklippen mine.
The Mestersvig graben is the most conspicuous feature of the project area. It occurs in a 15-20 km-long anticlinal fold structure amongst widespread faulting. The graben is 4km wide and 12km long, with the western graben fault hosting the Blyklippen mine.
Mineralisation is hosted within quartz veins that range in thickness from 2-50m, from surface to unknown depth.
Conico says Sortekap is “the first time an orogenic-gold occurrence has been identified on the east coast of Greenland”.
The 4521 square kilometre Ryborg tenement, containing Sortekap, is in an under-explored igneous rock mineral province and has had a significant amount of magmatism intrude sulphur-rich sediments of the Kangerlussuaq Basin.
In addition to the earlier gold intersections, geochemical analysis has picked up samples rich in copper, nickel, cobalt, palladium and gold.
Conico has described Greenland as one of the world’s most underexplored and mineral rich countries, presenting it with an extremely exciting opportunity.
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25 Jul 2024
17 Oct 2023
