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Stormyra Second Batch Assay Results, Maiden Drill
Stormyra Second Batch Assay Results, Maiden Drill.
About this update from Kendrick Resources Plc
[{"type":"text","content":"\n\n4 May 2023\nKendrick Resources Plc\n(\"Kendrick\" or the \"Company\")\n \n Stormyra Second Batch Assay Results\nMaiden 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 second set of results from its maiden 19 hole diamond drill programme over the Stormyra Deposit, part of the Espedalen Project, Norway. The first set of results were announced on 20 April 23 and assay results are pending for 6 holes.\n \nHighlights\n· High-grade nickel intercepts achieved in a number of boreholes drilled across the Stormyra deposit:\no Hole ESP2308 - 3.39% Ni Eq. over 11.60m from 52.40m including 5.80% Ni Eq over 4.9m from 59.1m\n \no Hole ESP2307 - 2.59% Ni Eq. over 3.65m from 37.80m including 4.85% Ni Eq. over 1.80m from 38.50m\n \no Hole ESP2312 - 2.29% Ni Eq. over 4.15m from 92.35m\n \no Hole ESP2313 - 1.98% Ni Eq. over 3.55m from 79.60m including 3.86% Ni Eq. over 1.70m from 79.60m\n \n· Downhole optical televiewer (OTV) structural mapping survey completed on 13 holes\n \n· Ground based TEM survey completed with the aim of tracing the Stormyra deposit to the southeast where mineralisation is open ended\n \nColin Bird, Executive Chairman of Kendrick Resources Plc commented: \"Assays received for the current programme are the highest individual assays ever recorded for this deposit and the intercept in Hole ES2308 is one of the best drilled to date. The Stormyra orebody is shaping up to be a potential shallow underground operation with minimal surface impact. Results to date have exceeded expectations and the mineralised widths of recent intercepts are particularly encouraging especially when linked to grades of more than 1% Ni. These recent intercepts reinforce our decision to continue to evaluate the southern untested extension of Stormyra deposit and it is important to reiterate that we have a further 10 prospects within the Espedalen Project all containing nickel intersections of at least 5m at grades >1% Ni\".\n \nDrilling Programme\nKendrick's maiden diamond drill programme at the Stormyra Ni-Cu-Co Deposit (see Kendrick's RNS dated: 31 January 2023) concl...