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KGL Resources Ltd.
Summary
| Project: | Jervois | |
|---|---|---|
| Deposit: | Jervois | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Silver-Gold | |
| Date: | 7/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-7-2019: KGL Resources Ltd. announces an Exploration/Drilling Update report for its Jervois deposit at the Jervois project. Drilling results incl. 25.25m @ 2.67% Cu, 0.18% Pb, 0.40% Zn, 47.00g/t Ag, 0.44g/t Au from 150.43m. KGL advances Jervois Copper P | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Adriaan van Herk (Internal) | |
| ABSTRACT: | KGL advances Jervois Copper Project - further high grade assays to increase resource confidence, total project water supply sourced and EIS progressed towards final approval. High grade infill drilling results achieved in program designed to increase Indicated Copper Resources at Reward and Rockface deposits; high grade copper discovered just below proposed pit outline at Reward Infill drilling at Reward and Rockface delivered some excellent results. The bulk of the intercepted mineralisation is similar to the surrounding high grade holes. This program was designed to increase the Indicated Resource category for copper as the Company moves towards eventually establishing a JORC Ore Reserve essential for final project approval. A high grade intercept just below the proposed open pit floor at Reward adds significant potential value in mine planning. Exploration drilling: encouraging results at Reward East; search expanded to new areas Drilling of a new conductor at Reward East produced encouraging results. All holes drilled at Reward East and Reward North encountered significant mineralisation and point to continuity to the north and east. New areas were explored along the Jervois J-fold, with all holes drilled at Amigo, Krak Ridge, Bellbird and Ma’a Salama intercepting mineralisation. | |
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