Kidman Resources continues copper run at Home of Bullion

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THE DRILL SERGEANT: Kidman Resources (ASX: KDR) has claimed to have confirmed the down dip continuity of copper mineralisation on the Main Lode at the company’s Home of Bullion (HOB) project in the Northern Territory.

Kidman achieved the result while conducting a round of deeper diamond drilling at the project.

Results include:

9.1 metres at 2.16 per cent copper, 0.91 per cent lead, 1.84 per cent zinc, 42.6 grams per tonne silver, 0.53g/t gold from 492 metres, including 4.1m at 4.33 per cent copper, 1.27 per cent lead, 1.84 per cent zinc, 42.6g/t silver, 0.72g/t gold from 497m (6.52 per cent copper equivalent); and

4.5m at 1.89 per cent copper, 0.17 per cent lead, 0.43 per cent zinc, 8.86g/t silver, from 606m.

Kidman said it was still waiting to receive further results for another three 3 drillholes.

 

Main Lode long-section showing recent drill intercepts.
Shaded area showing high-grade copper shell greater than 2% copper,
which remains open in all directions. Source: Company announcement

 

“The Home of Bullion deep diamond drilling program has confirmed that mineralisation now extends to a depth of approximately 600 metres on the Main lode and 500 metres on the Southern Lode, with both remaining open,” Kidman Resources managing director Shane Mele said in the company’s announcement to the Australian Securities Exchange.

“The 2013 drilling program has again improved continuity of both lodes and contributes significantly to our aim of defining a high grade resource at Home of Bullion.

“Drilling has identified strong down-hole electromagnetic (DHEM) conductors indicating the potential to add further tonnage in future phases of drilling.

“DHEM conductors at nearby Prospect D remain untested where previous drilling defined high-grade copper-nickel zones.

“We are in a strong cash position for the commencement of the 2014 field season and are well positioned to advance the Home of Bullion project.”

Email:
info@kidmanresources.com.au

Website:
www.kidmanresources.com.au