Kidman Resources hits deep copper on Main Lode

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THE DRILL SERGEANT: Kidman Resources (ASX: KDR) has intersected high-grade copper, approximately 420 metres below surface while conducting deep diamond drilling on the Main Lode at the company’s Home of Bullion (HOB) project in the Northern Territory.

Hole HDD044 intersected:

–    9.7 metres at 3.4 per cent copper, 0.83 per cent lead, 2 per cent zinc, 40.7 grams per tonne silver, and 0.47 grams per tonne gold from 466.7 metres downhole.

This included a zone of 4.4m at 7.3 per cent copper, 1.6 per cent lead, 3.7 per cent zinc, 1.6g/t silver, and 1g/t gold from 472m.

“This is the first deep drillhole targeting a strong conductor on the Main Lode and has intersected high-grade copper mineralisation more than 400 metres below the surface,” Kidman Resources managing director Shane Mele said in the company’s announcement to the Australian Securities Exchange.

“This intercept gives us a lot of confidence for the down-plunge potential of the Home of Bullion deposit.”

Kidman claimed the mineralised intersection consists of a high-grade zone of massive sulphides containing abundant halcopyrite and pyrrhotite in the footwall, followed by disseminated sulphides and another narrow zone of massive sulphides in the hangingwall.

The company has interpreted the latest intersection to be close to true width and is located more than 100m below and a significant step-out from a previously reported result from hole DD034 of 5.9m at 3.4 per cent copper, 1.6 per cent lead, 6 per cent zinc, 54.4g/t silver.

 

Home of Bullion aerial photo showing copper lodes and HDD044 drill intersection. Source: Company announcement

 

Kidman had identified the conductor tested by HDD044 by way of downhole-electromagnetic (DHEM) surveys from HDD034.

The company has conducted further DHEM surveys from HDD044, which it said has indicated this conductor remains open down-plunge and will be the focus for the current drill program.

The deep drilling program is designed to test both the Main and Southern Lodes to approximately 600m below surface.

Ongoing DHEM surveys are being utilised to define new zones of copper mineralisation as the drill program progresses.

Drill core is currently being processed and has been submitted for analysis.