Business
Operational Update
Operational Update.
About this update from Kendrick Resources Plc
[{"type":"text","content":"\n\n\n \n21 August 2023\nKendrick Resources Plc\n(\"Kendrick\" or the \"Company\")\n \n Operational Update\n \nKendrick Resources Plc (LSE: KEN), a mineral exploration and development company with vanadium, nickel and copper projects in Scandinavia is pleased to provide an operational update for its Airijoki Project in Vittangi and initial work undertaken on the recently acquired Mjövattnet nickel - copper - PGM licence in Sweden.\n \nHighlights\n \n· Commencement of 1,500m exploration diamond drill programme over Airijoki 200 licence with the objective of significantly increasing the existing vanadium mineral resource\n \n· Completion of ionic leach soil sampling programme over recently awarded prospective Airijoki licences where extensions to known vanadium and copper mineralisation may occur.\n \n· Completion of ionic leach soil sampling programme over the recently acquired Mjövattnet Nickel-Copper-PGM licences in Sweden.\n \nColin Bird, Executive Chairman of Kendrick Resources Plc commented:\n \n\"The drilling programme is a result of our ongoing fieldwork, and we are particularly excited about the strong geophysics and geo-chemical results that have targeted the drilling positions.\n \nWe eagerly await the results of the Mjövattnet nickel, copper and PGM soil sampling programme. We are confident for the potential of strike extension as well as well as generating future targets within the licence. The current soil programme will greatly assist us in this direction.\n \nWe will report the results for both the drilling and soil sampling programme as they are completed and interpreted by the company's geologist and third-party consultants were appropriate.\"\n \nAirijoki Exploration strategy: Earlier in the year the Company set out its intention to increase the mineral Resource at Airijoki which currently stands at 44.3Mt @ 0.4% V2O5 for 100,800 tonnes of contained V2O5 and this programme is progressing on two fronts;\n \n· Firstly, with additional geochemical surveys over our most recent licence acquisitions where coincident prospective vanadium and copper in soil and rock values and geophysical anomalies are suggestive of a continuation of the geology that has...