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Killi Resources to Commence Drilling at Kaa

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THE DRILL SERGEANT: Killi Resources (ASX: KLI) has its drilling ducks arranged in preparation of a maiden drill campaign to be undertaken at the Kaa copper-gold target at the company’s 100 per cent-owned Mt Rawdon West project.

Killi Resources is drilling at Kaa to follow up previous assays from in-situ surface rock chip samples that returned high-grade gold and copper results, which the company interpreted to indicate the Kaa target to be a new unrecognised epithermal mineral system.

Results from ground geophysical survey demonstrated potential sulphides beneath the surface mineralisation providing drill targets for upcoming drill campaign.

The company has determined a 1.8km copper-gold trend from rock chips at the Kaa prospect.

Results of the rock chip program returned consistent anomalous gold, copper and silver results from outcrop, returning on average 5-6g/t gold, 1-2 per cent copper, and 100g/t silver.

A gossanous outcrop striking east-southeast and dipping shallowly to the south-west was sampled and returned a result the company released in July of:

MRRK074
238g/t gold, 2.1 per cent copper, 513g/t silver, 2.2 per cent lead, 0.3 per cent zinc.

This outcrop was subsequently interpreted as the main Kaa gold-copper trend exposed at surface.

“We are excited to have reached this point with the drill rig mobilising to the project,” Killi Resources CEO Kathryn Cutler said in the company’s ASX announcement.

“This campaign will be the first holes ever at the target, and we look forward to reporting on the drilling starting next week.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Killi Resources Confirms High-Grade Gold-Copper at Mt Rawdon West Kaa Target

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THE DRILL SERGEANT: Killi Resources (ASX: KLI) declared confirmation of a high-grade gold-copper structure the company’s 100 per cent-owned Mt Rawdon West project in Queensland.

Killi Resources made the announcement om the back of recent surface rock chip sampling that returned high-grade gold and copper results at the Kaa target.

Killi has now extended the trend over 1.8km with results confirming high grade gold-copper-silver mineralisation in association with highly anomalous pathfinder elements of antimony, bismuth, mercury and tellurium.

The sampling returned a very high-grade sample of 238 grams per tonne gold, 2.1 per cent copper and 513g/t silver the company considers being representative of the surface outcrop of a mineralised structure.

“It’s not every day you can walk up to an outcrop and have it return ~ 8oz of gold in assay,” Killi Resources CEO Kathryn Cutler said in the company’s ASX announcement.

“This very high-grade result coupled with multiple other assay results strongly anomalous for gold and copper extend the system considerably and indicate we are likely looking at a previously unrecognised epithermal system.”

Other results included:

MRRK061
14.3g/t gold, 2.2 per cent copper and 907g/t silver;

MRRK065
12.3g/t gold, 0.3 per cent copper and 60g/t silver;

MRRK073
5.89g/t gold, 5.4 per cent copper and 45.7g/t silver;

MRRK068
5.81g/t gold, 1.9 per cent copper and 211g/t silver; and

MRRK072
6.06g/t gold, 1.5 per cent copper and 585g/t silver.

“These results give us confidence to aggressively continue our exploration programs, with an IP Survey and local scale surface mapping currently in progress,” Cutler continued

“We look forward to reporting these results in the next few weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Killi Resources Inks JV with Gold Fields on West Tanami Project

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THE BOURSE WHISPERER: Killi Resources (ASX: KLI) announced the execution of an Option and Joint Venture Agreement with Gold Fields for the company’s West Tanami project in the Kimberley region of Western Australia.

Killi Resources reached the deal with Gold Fields via an indirect wholly owned subsidiary of that company, under which $13 million will be spent to earn an 85 per cent interest in the West Tanami project.

“We are thrilled to have a partner in Gold Fields at the West Tanami project,” Killi Resources chief executive officer Kathryn Cutler said in the company’s ASX announcement.

“This partnership allows access to expertise and funding for the longer-term and will ensure the project continues its progress in pursuit of a new orogenic gold system in the Tanami.

“Importantly, this $15 million valuation of the West Tanami project, represents just one of Killi’s three 100 per cent-owned belt-scale copper-gold assets.

“Whilst the JV enables systematic exploration to continue in the Tanami, it also enables Killi to focus exploration at the Mt Rawdon West project where the company will continue to explore in 2024 for a new copper-gold system near Bundaberg.”

Killi Resources’ project portfolio also holds two wholly-owned projects in Queensland, based near Townsville in the Charters Towers region and Bundaberg in the Mt Rawdon district, where the company is focused on finding a new gold and/or copper deposit.

The two projects are belt-scale land holdings, located in well-endowed mineral provinces, that are significantly underexplored and amenable to a new large-scale discovery.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Killi Resources Confirms Tanami Copper Sulphide Mineralisation

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THE DRILL SERGEANT: Killi Resources (ASX: KLI) has confirmed magmatic copper mineralisation at the company’s West Tanami project in the Kimberley region of Western Australia.

Killi Resources announced the results from a diamond drill hole completed at the West Tanami project, from which magmatic copper mineralisation in the form of the mineral chalcopyrite had been observed in drill core.

The company said assays had now confirmed the visuals with the zone of massive sulphides returning:

4.2 metres at 728ppm copper, 58ppm cobalt and 0.46 grams per tonne silver, including 0.6m at 2,730ppm copper, 114.5ppm cobalt and 1.23g/t silver.

The company has claimed this as the first confirmed record of copper mineralisation within mafics of the Tanami region.

“The discovery of a copper mineralised magmatic system in the Tanami is the first of its kind within the region,” Killi Resources CEO Kathryn Cutler said in the company’s ASX announcement.

“This result highlights the potential for magmatic sulphide systems at the project, which could host nickel-copper-cobalt deposits.

“Magmatic units within the Tanami region are particularly underexplored, with no recorded cases of copper mineralisation currently on file, until now.

“These rocks were formed in the Proterozoic period, with multiple nickel-copper-cobalt sulphide deposits in Western Australia of a similar age, such as Nova-Bollinger and Nebo-Babel.

“Mineral exploration at these truly remote greenfield projects leverages the company to unique opportunities, like this, which includes the discovery of a new commodity in a known province.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Killi Resources Drills Strong Results at Rocky Prospect

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THE DRILL SERGEANT: Killi Resources (ASX: KLI) recently completed its first RC drilling program on the Rocky prospect within the company’s Ravenswood North project in Queensland.

Killi Resources completed five RC holes into a gold-silver-copper-molybdenum geochemical target it had identified in 2022.

All five holes intersected the Ravenswood granitoids, which Killi explained are the desired host rocks for gold mineralisation.

Results of mineralised intersections of gold and/or silver were returned, including:

2 metres at 1.58 grams per tonne gold, 9.75g/t silver, and 0.23 per cent lead from 177m
1m at 2.38g/t gold, 10.2g/t silver, and 0.28 per cent lead from 32m
5m at 6.9g/t silver, including 2m at 15.6g/t silver from 160m and
1m at 1.26g/t gold from 163m.

Killi has interpreted the results from the first five holes as being consistent with first pass drilling results of gold deposits within the district, and likely represent proximity to a potential intrusive gold system.

“We are all very excited with the discovery of a significantly mineralised granodiorite at Rocky,” Killi Resources CEO Kathryn Cutler said in the company’s ASX announcement.

“It’s a fantastic result for the first holes at the Ravenswood North project.

“These first drill holes have not only come back with broad zones of gold, silver, copper and lead mineralisation, they are also located close to surface, and within the same rock suite as the near-by major gold deposits.

“The results of the geophysics also indicate we are in the thick of it, and only 200 metres from one of the major targets.

“Rocky is fast becoming a priority for Killi, and based on these results and the targets generated, we plan on completing a targeted drill program in coming months.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Killi Resources Identifies Yttrium-REE anomaly at West Tanami Project

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THE DRILL SERGEANT: Killi Resources (ASX: KLI) reported elevated yttrium values from a soil program, claiming they indicate close proximity to a rare earth mineral system at the company’s West Tanami project in the Kimberley region of Western Australia.

Killi Resources completed a broad soil program across regional trends it considers potentially prospective for hydrothermal rare earth element systems.

The company interpreted the results of the soil program to have established multiple anomalous yttrium values at the Fox prospect, which it believes is indicative of a rare-earth mineral system at the prospect.

“The results indicate the potential for a heavy rare earth system at the Fox prospect,” Killi Resources CEO Kathryn Cutler said in the company’s ASX announcement.

“These are fantastic first pass yttrium results for the project, indicating we are in the right region and we plan to develop and drill test this REE target in the coming field season.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Killi Resources Encounters Tanami Gold Mineralisation

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THE DRILL SERGEANT: Killi Resources (ASX: KLI) reported the first round of drilling results from aircore and diamond drill programs completed at the company’s West Tanami project in the Kimberley of Western Australia.

Killi Resources said results returned from the Fox prospect identified a 2.8 kilometre wide corridor anomalous for gold, silver and arsenic, aligning with the company’s model for a sediment-hosted gold system, and similar to those already found in the Tanami.

Multiple intercepts of anomalous gold, arsenic and silver were intersected at the Fox prospect, with all elements aligning with the geochemical fingerprint for a sediment hosted gold system.

The highest result returned was 4 metres at 135ppb gold from 72m, located at the interpreted hinge zone.

Two regional aircore lines were completed at the Trickster and Deva prospects consisting of 54 holes, which are the first drilling to be carried out over this newly identified prospective gold structure the company believes could represent the main mineralising feature from the Tanami district.

A result was returned at the eastern end of the southern line of 4m at 100ppb gold from 8m depth, in bedrock below alluvial cover.

“These results are exactly what we are looking for, and in the right rocks, as these low-level gold and arsenic anomalies are indicative of orogenic sediment-hosted gold systems throughout the Tanami,” Killi Resources CEO Kathryn Cutler said in the company’s ASX announcement.

“Callie was found on a 50ppb gold and arsenic result, so we are thrilled to have +100ppb gold intervals and to have identified the Dead Bullock sediments on our ground.

“These are the first two pieces of the puzzle, so we can now narrow in on the structures to find those fold hinges we need as the gold traps.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.killi.com.au