Upon request, we were informed that this is the part of the drill cores that have already been cut into half shells on site in Greenland and visually examined. The still unsplit drill cores of the last drill holes from the Miki PGE-Cu-Ni-Co project as well as the second drill hole on the VMS target Cascata were sent to Portugal. The drill cores will be split there, visually analyzed by Thomas and his geologists, and then sent to SGS as well.
Figure 1: The informal channel works. Conico provides an important update on Twitter in passing: the drill cores are in the lab being analyzed.
A few days ago, Conico also posted a new presentation online. The presentation visualizes again in a nut shell, the enormous success of the short exploration campaign this year. Three targets were drilled for the first time. Drill core analysis is still pending on all three discoveries. As a reminder, the Sortekap Prospect is part of a newly discovered greenstone belt and has returned surface samples of 2.7 g/t gold. Three holes totaling 833 meters were drilled there. At the Miki Prospect, surface samples had returned grades of 0.8% nickel, 2.2% copper, 0.1% cobalt, 3.3 g/t palladium and 2.7 g/t gold. Here, 9 drill holes totaling 2,057 meters were drilled along an electromagnetic anomaly, some several kilometers apart. Completely new and surprising at the end of just eight weeks of exploration was the discovery of the Cascata VMS target. Here, towards the end of the season, two drill holes were drilled about 150 meters apart. Only one of the two drill holes has been visually analyzed to date. Cascata is located only 6 kilometers from the coast.
Figure 2: Conico is one of the top 5 claim holders in Greenland and dominates the East-Coast.
Summary: In an interview with Rick Rule, Ross Beaty, Chairman of Equinox Gold and one of the most successful mining investors today, lamented the short-termism of investors. Literally, he said, "This is the world we're in. People are short term investors. They don't see the forest, they see the trees. They get buried in the trees..." This fits well with Conico's rather volatile share price performance. As we await drill results in the coming weeks, we remind our readers that we see the discovery story at Ryberg, which has just begun, as a start of a marathon. Short-term stock movements right now reveal more about investor psychology than about the project. Those who wish can access the worthwhile interview at
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According to §34b WpHG and § 48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, principals or employees of GOLDINVEST Consulting GmbH hold shares of Conico Ltd and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares of the company at any time. Furthermore, GOLDINVEST Consulting GmbH is remunerated by Conico Ltd for reporting on the company. This is another clear conflict of interest.