Kookynie Drilling intersects gold mineralisation

THE DRILL SERGEANT: Perth-based exploration company Laconia Resources has announced results of a recently completed 12 hole, 1,200 metre RC drilling program at its 100% owned Kookynie gold project, near Kalgoorlie in Western Australia.

Laconia kicked off the drill program in March, which was designed to test down dip and plunge extensions of previous intersections at the Lily prospect within the Kookynie project area (below a line of old workings at the Lily Prospect).

Four angled holes from the drill program intersected gold mineralisation in the footwall vein.

The best result produced returned 2m at 3.9 grams per tonne gold, including 1m at 6.5g/t gold from 38m down hole.

This was Laconia’s maiden drill campaign at the Kookynie project, which hosts a number of old workings, including the Lily prospect.

Significant intersections have previously been recorded at Lily. The company is of the opinion these highlight the prospectivity for the project to host small high-grade deposits.

The Kookynie project is located approximately 200km from Kalgoorlie in the Melita Domain of the Keith–Kilkenny Tectonic Zone, within the NNW-trending Archaean Malcom greenstone belt.

The Keith-Kilkenny Tectonic Zone in the vicinity of Kookynie is a triangular shaped area hosting a succession of Archaean mafic-ultramafic igneous and metasedimentary rocks.

The host rock at the Kookynie project is a magnetic dolerite/gabbro unit. The Lily prospect is situated on one of a number of conjugate vein sets with historical gold workings.