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KGL Resources Ltd.
Summary
| Project: | Jervois | |
|---|---|---|
| Deposit: | Jervois | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Silver-Gold | |
| Date: | 4/14/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-4-2020: KGL Resources Ltd. announces an Exploration/Drilling Update report for its Jervois deposit at the Jervois project. Drilling results incl. 22.1m @ 1.02% Cu, 7.57% Pb, 5.26% Zn, 763.2g/t Ag, 0.44g/t Au from 224.8m. KGL Resources Limited (ASX: KGL | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Adriaan van Herk (Internal) | |
| ABSTRACT: | KGL Resources Limited (ASX: KGL) (KGL or the Company) has received assay results of three holes drilled in 2020 at the Reward prospect within KGL’s 100% owned Jervois Copper Project in the Northern Territory (Figure 1). The results are provided in Table 1. The Company has now halted drilling at Jervois. Reward South: Very high grade silver in polymetallic intercept in previously announced mineralised zone The Company confirmed on 17 March the discovery of polymetallic mineralisation associated with the conductor zone around hole KJD415. Hole KJCD416 was drilled to further test this conductor and intercepted The newly discovered conductor and the intercepts in KJD415 and KJD416 are located in a zone of low IP resistivity coinciding with a strong gravity anomaly, shown in Figure 2. An anomalous low resistivity is located along strike of these high-grade polymetallic intercepts. This low resistivity zone, shown in Figure 3, has not yet been drilled. Hole KJCD418 (Figure 2) was drilled to substitute a hole that had been drilled prior to KGL’s tenancy and whose result was not consistent with KGL’s findings in this location. KJCD418 confirmed KGL’s model, improving confidence in the resource now subject to mine planning, intercepting | |
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