KGL Resources intersects massive sulphides at Jervois

THE DRILL SERGEANT: KGL Resources (ASX: KGL) has commenced drilling of diamond tails at the Marshall-Reward and Bellbird deposits at the company’s Jervois project in the Northern Territory.

The diamond drilling is part of a resource extension program the company commenced in September with the aim of increasing the global resource as part of a pre-feasibility study.

According to KGL the diamond drilling at Marshall has intersected a greater than 10 metre wide zone of massive and semi-massive sulphide containing visible copper, lead and zinc sulphide mineralisation in hole KJCD048.

The company explained this intersection sits below an existing Inferred resource boundary in an area previously untested.

Drilling along strike both north and south of this location is planned to be completed before the end of December.

“We are delighted with the discovery of visible copper, lead and zinc sulphide below the existing inferred resource at Marshall that supports the potential scale of the Jervois project,” KGL Resources managing director Simon Milroy said in the company’s announcement to the Australian Securities Exchange.

“The Rockface discovery of copper mineralisation 400m to the west and along strike from the Rockface prospect illustrates the prospectivity of the Jervois project and the potential to add additional high-value, shallow resources that can be mined from an open pit.”

 

IP chargeability anomalies on southern Jervois prospects. Source: Company announcement

 

KGL has received approval for a 13 hole drill program on the north (down dip) side of the Rockface prospect with the aim of testing the Rockface IP anomaly and carry out infill drilling along an untested 400m zone that extends between historical Rockface intersections to those recently announced by the company from holes KJC033 and KJC035, including:

9 metres at 1.21 per cent copper, 4.1 grams per tonne silver, 0.03 grams per tonne gold from 105m; and (Hole KJC033)

24m at 1.47 per cent copper, 3.5g/t silver, 0.04g/t gold from 160m. (Hole: KJC035)

KGL has mobilised an additional track-mounted diamond rig to site, which will initially target the centre of the Rockface IP anomaly and then move to infill the untested areas between the two zones of copper mineralisation.

KGL will now have three rigs drilling at Jervois up until the Christmas break.

Email:
info@kglresources.com.au

Website:
www.kglresources.com.au