KGL hits further high-grade intersections at Jervois

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THE DRILL SERGEANT: KGL Resources (ASX: KGL) has reported further high-grade intersections generated by an ongoing program of in-fill resource drilling at the company’s Jervois copper-silver-gold project in the Northern Territory.

Latest results include:

JOC206
14 metres at 4.17 per cent copper, 77.1 grams per tonne silver, 1.42 grams per tonne gold from 18m;

JOC207
16m at 2.55 per cent copper, 93.8g/t silver, 0.49g/t gold from 56m;

JOC179
11m at 3.24 per cent copper, 24.7g/t silver, 0.26g/t gold from 44m; and

JOC212
8m at 3.59 per cent copper, 37.2g/t silver, 0.28g/t gold from 29m.

KGL explained the second program of resource definition drilling at Marshall-Reward and Bellbird commenced in early October, which was designed to convert Inferred resources within the optimised open pits to the Indicated category and ultimately into Reserve.

“Initial assay results have been received and continue to confirm the shallow, high-grade mineralisation intersected in the first program,” KGL Resources said in its ASX announcement.

“Enrichment of copper at shallow depth and elevated silver and gold will have a positive impact on the economics of the open pits and the project as a whole.”

The recent drilling consisted of two holes, which were drilled to test copper occurrences with minor workings along the newly defined Bellbird East trend.

The best results include: 2m at 2.09 per cent copper, 2.39 per cent lead, 0.44 per cent zinc, 9.3g/t silver from 18m (JOC238).

KGL drew particular attention to this result saying it was of some importance because the prospect is on the margin of the newly optimised Bellbird East pit.

Follow up drilling along this new mineralised trend is planned in the meanwhile drilling is continuing on site with programs planned for the new Morley open pit east of Reward, the Killeen zinc-copper prospect, Rockface and several new exploration targets.

KGL anticipates results from this drilling will be available in coming weeks.

Website: www.kglresources.com.au