Kidman Resources extends Home of Bullion copper

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THE DRILL SERGEANT: Kidman Resources (ASX: KDR) has received results from recent deeper diamond drilling carried out at the company’s Home of Bullion (HOB) project in the Northern Territory.

According to Kidman the drilling has confirmed the down dip continuation of copper mineralisation on both the Main Lode and Southern Lodes at the project.

Hole HDD044W3 intersected:

–    10.5 metres at 3.78 per cent copper, 1.15 per cent lead, 1.99 per cent zinc, 53.28 grams per tonne silver, and 0.59 grams per tonne gold from 480.4m downhole.

This intersection included a high-grade zone of:

–    4.8m at 7.54 per cent copper, 2.05 per cent lead, 3.39 per cent zinc, 99.72/t silver, 1.17g/t gold from 486.1m.

Kidman explained it has interpreted the intersection achieved by hole HDD044W3 to be close to true width.

It was drilled 40m below HDD044, which was previously reported as the deepest intercept, returning:

–    9.7m at 3.4 per cent copper, 0.8 per cent lead, 2 per cent zinc, 40.7g/t silver, and 0.5g/t gold.

All intercepts are interpreted as being close to true width.

 

Southern Lode long-section looking south showing HDD043W3 and recent
drill intercepts. Shaded section showing high-grade copper shell of
>2% copper which remains open. Source: Company announcement

 

“The ongoing diamond drilling program at Home of Bullion has confirmed that mineralisation now extends to a depth of approximately 600 metres on the Main lode and 500 metres on the Southern Lode and remains open,” Kidman Resources managing director Shane Mele said in the company’s announcement to the Australian Securities Exchange.

“This has potentially doubled the size of both lodes and contributes significantly to our aim of defining a high-grade resource at Home of Bullion.

“Drilling continues with two rigs operating 24/7 which are now targeting strong DHEM conductors and has the potential to add significant tonnage to the deposit.

“DHEM conductors at nearby Prospect D also remain untested where previous drilling defined high-grade copper-nickel zones.”

Kidman said conductor plates it has modelled from down-hole electromagnetic (DHEM) surveys in HDD044 allowed it to target the HDD044W3 position.

Ongoing DHEM surveys are being utilised to define new conductors to extend the known zones of copper mineralisation.

Current drilling is targeting stronger conductor plates recently identified from DHEM surveys on both lodes.

The company is confident this will enable it to determine the internal and lateral continuity of copper mineralisation.

Drillcore is being processed and submitted for analysis.

Email:
info@kidmanresources.com.au

Website:
www.kidmanresources.com.au