Mineral Hill high-grade results continue for KBL Mining

THE DRILL SERGEANT: Drilling by KBL Mining (ASX:KBL) has extended the dimensions of a new copper-gold lode directly below the current development level of underground mining operations at the company’s Mineral Hill copper mine in New South Wales.

The latest results stem from an ongoing underground diamond drilling program at Mineral Hill, which according to KBL have revealed additional high-grade copper and gold mineralisation below the lowest development level.

The company explained this to be a new gold-rich style of base metal mineralisation contrasting to the currently mined copper–silver rich resources.

New results include:

–    4.55 metres at 5 per cent copper and 3 grams per tonne gold;

–    6.8m at 0.17 per cent copper and 5.9g/t gold; and

–    5.0m at 2.3 per cent copper.

KBL said the latest results have provided further support for its interpretation of copper–gold mineralisation extending more than 30 metres below the current development level at 1190 RL.

 

Plan view of underground drilling program (1190RL) and newly
discovered copper-gold lode beneath current development at Parkers Hill.
Source: Company announcement

 

“These results demonstrate that the mineralised lodes remain open at depth and along strike,” KBL Mining chief executive officer Trangie Johnston said in the company’s announcement to the Australian Securities Exchange.

“Underground drilling continues and visual logging of three recent holes is encouraging.

“We have also started a surface RC drilling program to better test the extent of this system.”

KBL has commenced underground drilling from a new location in order to target extensions of the copper-gold mineralisation encountered in recent underground development to the southwest.

A 1,000m RC drilling program from surface has also commenced to accelerate delineation of the copper-gold mineralisation southwest of the active underground workings and along strike from the underground drilling campaign.