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KGL Resources Ltd.

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Summary

Project:

Jervois

Deposit:Bellbird, Amigo, Reward
Location:Australia
Commodities:Copper-Lead-Zinc-Silver-Gold
Date:10/17/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:17-10-2019: KGL Resources Ltd. announces an Exploration/Drilling Update report for its Bellbird, Amigo, Reward deposit at the Jervois project. Drilling results incl. 8.0m @ 5.01% Cu, 0.07% Pb, 0.01% Zn, 13.6g/t Ag, 0.21g/t Au from 437.0m. KGL has received
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Adriaan van Herk (Internal)
ABSTRACT:KGL has received assay results of 18 holes drilled at the Bellbird, Amigo and Reward prospects at KGL’s 100% owned Jervois Copper Project in the Northern Territory (Figure 1). The complete results are provided in Appendix I. The significant results obtained at Bellbird are the subject of this announcement. The drilling at Reward will be the subject of a further announcement expected shortly when additional assays are received. At Amigo and Bellbird South, down hole electromagnetic (DHEM) survey results from the purely exploratory drill holes are now pending and will be assessed before further work is considered. Drilling at Bellbird throughout August explored potential high grade zones for underground mining below the open cut resource (Bellbird contains almost half of the current open cut resource at Jervois). The two mineralised zones at Bellbird, the Main Lode and the East Lode, are shown in Figure 2, in which the trends of the two lodes are superimposed on to the topography. This indicates that the two trends are projected to intersect in the northern part of Bellbird. Figures 3 and 4 show the longitudinal section of the Main Lode and East Lode respectively.

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