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Stormyra Final Batch Assay Results
Stormyra Final Batch Assay Results.
About this update from Kendrick Resources Plc
[{"type":"text","content":"\n\n24 May 2023\nKendrick Resources Plc\n(\"Kendrick\" or the \"Company\")\n Stormyra Final Batch Assay Results - Maiden Drill Diamond Drill Programme\n \nKendrick Resources Plc (LSE: KEN), a mineral exploration and development company with vanadium, nickel and copper projects in Scandinavia is pleased to announce its final set of results from its 19-hole maiden diamond drill programme over the Stormyra nickel - copper deposit in Espedalen, Norway.\n \nHighlights\n· The highly successful drill programme has achieved notable Ni-Cu intercepts over a strike length of 1.2 kilometres.\n \n· Peak intercepts for the third phase of initial drilling included:\n \no Hole ESP2317 - 2.18% Ni Eq. over 3.50m from 61.50m\no Hole ESP2318 - 0.41% Ni Eq. over 9.20m from 31.50m incl. 1.15% Ni Eq. over 0.90m from 35.20m\no Hole ESP2319 - 2.43% Ni Eq. over 2.10m from 53.60m incl. 5.53% Ni Eq. over 0.65m from 54.35m and 1.33% Ni Eq. over 2.70m from 62.20m\n \n· Geophysics and drilling that intersected mineralisation at a grade of 2.43% Ni Eq over 2.1m confirms the untested southerly extension of the Stormyra orebody represents a viable drill target likely to further increase the resource \n \nColin Bird, Executive Chairman of Kendrick Resources Plc commented: \"Our drill programme over Stormyra has been very successful with impressive peak intercepts reported from the three sets of results including 6.85% Ni Eq over 1.25m, 3.39% Ni Eq over 11.6m and 2.59% Ni Eq over 3.65m. These latest results have continued the trend and more importantly have demonstrated that the proposed southerly extension of the orebody defined by geophysics has been confirmed by our recent drilling.\n \nBased on the geophysical data we have potentially several hundred metres of strike length to test to broadly delineate the Stormyra orebody. We also have a further 10 high quality nickel targets within our licence that all have drill intercepts that exceed 1% Ni. We are investigating each target and prioritising them ahead of further drilling.\n \nWe will continue to build a relationship with local stakeholders, and we are sufficiently confident of the continuity of mineralisation to formally engage external engineering advice for the review of fut...