Business
Aberdeen Minerals Ltd - Investee Company Update
Aberdeen Minerals Ltd - Investee Company Update.
About this update from Gunsynd Plc
[{"type":"text","content":"\n\nGunsynd PLC\n(\"Gunsynd\" or the \"Company\")\n \nAberdeen Minerals Ltd - Investee Company Update\n \nGunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce that it has received an update from its investee company Aberdeen Minerals Ltd (\"Aberdeen\"; formerly known as Strategic Minerals Europe Ltd), a private UK company exploring for Nickel-Copper-Cobalt deposits in North East Scotland.\nAberdeen has completed its first phase of drilling and assaying at the Arthrath Project in Aberdeenshire, where it is exploring for deposits of nickel, copper and cobalt.\nHighlights\n· Aberdeen's maiden drilling programme involved the completion of seven angled diamond drill holes ranging in length from 130 to 400 metres for a total length of 1,715 metres.\n· High grade highlights in the longest hole ever drilled at Arthrath, AR007DD (400 metres), confirm the depth continuity of mineralisation 100 metres below the level of historical drilling and include:\no 1.7 metres grading 0.66% nickel (Ni), 0.47% copper (Cu), 0.06% cobalt (Co) (0.91% nickel equivalent, NiEq) from 249 metres\no 4.5 metres grading 0.70% Ni, 0.39% Cu. 0.06% Co (0.92% NiEq) from 258 metres\no 2.0 metres grading 0.73% Ni, 0.70% Cu. 0.07% Co (1.08% NiEq) from 270 metres\n· Validated the Aberdeenshire mafic-ultramafic intrusive system is dynamic and the application of modern nickel exploration technology and the latest 'conduit style' geological models could uncover higher grades than the shallow historical results.\n· Intervals of net-textured and massive sulphides were intersected within a broader zone of disseminated style mineralisation, with individual sample grades up to 2% nickel and 1.2% copper providing evidence for higher grade potential.\n· All holes intersected nickel-copper-cobalt sulphides within a wide and continuous zone of \"magmatic sulphide\" mineralisation which extends from near surface and is confirmed by drill intercepts including:\no AR007DD: 90 metres grading 0.28% Ni, 0.18% Cu, 0.02% Co (0.38% NiEq) from 184 metres\no AR001DD: 89 metres grading 0.22% Ni, 0.17% Cu, 0.02% Co (0.30% NiEq) from 95 metres\no AR002DD: 44 metres grading 0.30% Ni, 0.29% Cu, 0.03% Co (0.44% NiEq) from 98 metres\n§ Includes 12 metres grading 0.45% Ni, 0.44% Cu, 0.04% Co (0.67% NiEq)\no AR003DD:...