Atherton Resources hits big zinc outside King Vol Resource

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THE DRILL SERGEANT: Atherton Resources (ASX: ATE) has hit some impressive zinc intersections – outside the existing Mineral Resource – while drilling at the company’s King Vol project in Queensland.

In its release to the ASX Atherton claimed the drilling had encountered hits of up to 50 per cent zinc, which it said will form part of the next resource estimate for the project.

This estimate will be included in a feasibility study due for completion in March 2016.

“The latest intersections from four holes will extend both the King Vol Zone and Eastern Mineralised Replacement Zone,” Atherton Resources said.

The latest assay results include:

Eastern Mineralised Replacement Zone (EMRZ)

KVD133
1.65 metres at 50.3 per cent zinc from 325.1m;

KVD133
1.75m at 16.9 per cent zinc from 339.35m.

King Vol Zone (KVZ)

KVD134
1.9m at 21.3 per cent zinc from 290m;

KVD132
2m at 9.6 per cent zinc and 5 per cent lead from 185m.

The drilling also returned high-grade intercepts from locations within the existing Inferred Resource boundary associated with the principal mineralised structure at King Vol, the Eastern Mineralised Contact Zone.

These assay results include:

Eastern Mineralised Contact Zone (EMCZ)

KVD133
3.05m at 19.4 per cent zinc from 486.5m;

KVD133
1.1m at 15.6 per cent zinc from 444m;

KVD132
0.3m at 17.9 per cent zinc from 310.8m.

King Vol is a high-grade zinc deposit with a combined Mineral Resource of 2.99 million tonnes at a grade of 11.9 per cent zinc, 0.8 per cent copper, 0.6 per cent lead and 29.9 grams per tonne silver.

The Mineral Resource comprises 1.05 million tonnes in the Indicated category and a further 1.94 million tonnes in the Inferred category.

Website: www.athertonresources.com.au