Kidman Resources intersects thick copper zones at Home of Bullion

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THE DRILL SERGEANT: Kidman Resources (ASX: KDR) has received assays results from a recently-completed RC drill program, which intersected thick zones of high-grade copper mineralisation on the Southern Lode at the company’s Home of Bullion project in the Northern Territory.

Results include:

–    10 metres at 3.56 per cent copper, 0.31 per cent lead, 2.46 per cent zinc, 13.17 grams per tonne silver from 49 metres, including 3 metres at 6.56 per cent copper, 0.3 per cent lead, 1.71 per cent zinc, 11.2g/t silver;

–    6m at 2.1 per cent copper, 0.43 per cent lead, 1.52 per cent zinc, and 17.2g/t silver from 154m, including 3m at 3.56 per cent copper, 0.43 per cent lead, 2.28 per cent zinc, 23.3g/t silver; and

–    15m at 1 per cent copper, 1.2 per cent lead, 2.11 per cent zinc, 34.6g/t silver from 133m, including 3m at 2.1 per cent copper, 0.23 per cent lead, 3.28 per cent zinc, 12.8g/t silver.

 

Southern Lode long-section showing recent copper intercepts. Source: Company announcement

 

“These RC drill holes have intersected some of the thickest massive sulphide zones on the Southern Lode and extended the strike length to the west by approximately 40 metres,” Kidman Resources managing director Shane Mele said in the company’s announcement to the Australian Securities Exchange.
 
“Importantly, these high-grade results are interpreted as close to true width.

“Down-hole electromagnetic (DHEM) surveys have identified these copper zones and further surveys are in progress to define diamond drill targets down plunge on both lodes.”

DHEM surveys on all peripheral drillholes and the broader zones of mineralisation are in progress to define new conductors down-dip and along strike to assist targeting drillholes for an upcoming diamond drilling program.

Kidman explained the upcoming diamond drilling program will commence shortly and has been designed to test the Main and Southern Lodes to approximately 600m below surface.

There will be two drill rigs onsite and the drill design will consist of two deep parent holes with multiple short daughter holes to reduce time and cost of discovery.

Ongoing DHEM surveys will be utilized in each drillhole to provide vectors towards stronger zones of copper mineralisation.

The company said it anticipates this program will have potential to add significant tonnage to the Home of Bullion deposit and fast-track the project’s development.