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KGL Resources Ltd.
Summary
| Project: | Jervois | |
|---|---|---|
| Deposit: | Reward | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Silver-Gold | |
| Date: | 12/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-12-2017: KGL Resources Ltd. announces an Exploration/Drilling Update report for its Reward deposit at the Jervois project. Drilling results incl. 9.57m @ 5.11% Cu, 0.4% Pb, 0.31% Zn, 78.5g/t Ag, 2.44g/t Au from 561.8m. KGL Resources Limited (KGL:ASX) ( | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Adriaan van Herk (Internal) | |
| ABSTRACT: | KGL Resources Limited (KGL:ASX) (KGL or the Company) announces the discovery of further high grade copper, silver and gold at the Reward prospect, located at KGL’s 100% owned Jervois Copper Project, following receipt of assays from two holes recently drilled at Reward. The down hole electromagnetic (DHEM) exploration technique used and developed successfully at the Rockface prospect is now being applied and targeting drilling at Reward, 5km to the north-east of Rockface. KGL Executive Chairman Mr Denis Wood said: “It is very encouraging to see the Reward prospect shaping up as yet another high- grade zone building on the success we have had at Rockface. “Every hole in the current drilling programs at both Rockface and Reward has thus far intersected mineralisation. “All three holes drilled at Reward this year have produced high grade assays. “The precious metal grades of gold and silver have often been very good at Reward, particularly at the northern end of the resource with individual assays of up to 21.52g/t gold. This further enhances the value of what is already high grade copper mineralisation. “The two drill rigs currently double shifting at Reward will cease operation in the next few days. Then following a short break, they will recommence early in the new year, as we continue to build on the existing resource and begin testing some of the exciting high priority exploration targets. “At Rockface, in addition to infill drilling, we are testing some of the depth extensions to the mineralisation in advance of a DHEM survey program that has now commenced. | |
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