KGL encounters copper at Cox’s Find

THE DRILL SERGEANT: Exploration drilling carried out by KGL Resources (ASX: KGL) at the Cox’s Find prospect, located within the company’s Jervois project in the Northern Territory, has intercepted narrow high‐grade copper mineralisation.

The mineralisation was encountered below outcropping gossans to the south of previous drilling.

Highlighted intercepts included:

KJC062
3 metres at 2.57 per cent copper, 4 grams per tonne silver, 0.04 grams per tonne gold from 68m;

KJCD085
4m at 3.5 per cent copper, 12.6g/t silver, 0.03g/t gold from 127m; and

JOC131
2m at 2.16 per cent copper, 4g/t silver, 0.04g/t gold from 55m.

The Cox’s Find prospect is one of several copper prospects located within the ‘J‐shaped’ fold between the Bellbird and Marshall‐Reward resources at the Jervois project.

 

Plan of Jervois tenement and drill hole collar locations. Source: Company announcement

 

KGL commenced resource extension drilling at Jervois in September 2013, which has primarily targeted Marshall‐Reward and Bellbird.

Additional smaller drill programs were completed at the Cox’s Find, Green Parrot and Rock face prospects.

The company explained this drilling was designed to in‐fill and extend previous drilling to support maiden resource estimates that are scheduled for release in September.

Cox’s Find has been mined on a small scale with shallow workings following the line of copper occurrences in a ferruginous ridge.

Previous drilling identified two parallel mineralised zones coincident with SAM conductors, which extend to the northeast, which the company considers to have not been tested sufficiently by previous drilling.

Following geological mapping KGL has determined the Cox’s Find and Rockface prospects to be located on a mineralised trend extending from Bellbird to Reward, a distance of 5.5 kilometres.

KGL Resources managing director Simon Milroy said in the company’s announcement to the Australian Securities Exchange.

“These results are building our confidence in the continuity of mineralisation throughout the mine sequence from our northern tenement boundary around the ‘J shaped’ outcrop to north of Bellbird North.

“This makes the area between the southern end of Green Parrot and Cox’s Find, that is largely under cover and effectively untested, especially interesting.”

Website: www.kglresources.com.au