Conico Ltd. announced that the field team has arrived at the Ryberg Project in east Greenland. The camp is operational and drilling activities on key copper-nickel-PGE-gold targets will commence immediately. A second team will mobilise later in July via vessel from Iceland to the Company´s wholly owned Mestersvig zinc-lead-copper-silver project with drilling to commence shortly thereafter.

Drilling operations at both Ryberg and Mestersvig will therefore be occurring simultaneously until the end of the field season (late September). To increase drilling output this year, the Company has acquired two diamond drill rigs and associated tooling. The equipment is in near new condition (has only been used in 2021) and located nearby to Ryberg.

These two rigs will be sent to Mestersvig while at Ryberg the three diamond drill rigs already on site will be utilised.