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KGL Resources Ltd.
Summary
| Project: | Jervois | |
|---|---|---|
| Deposit: | Reward | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Silver-Gold | |
| Date: | 9/25/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-9-2017: KGL Resources Ltd. announces an Exploration/Drilling Update report for its Reward deposit at the Jervois project. Drilling results incl. 11.63m @ 4.2% Cu, 0.81% Pb, 1.07% Zn, 86g/t Ag, 0.65g/t Au from 636.1m. KGL Resources Limited (KGL:ASX) (KG | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Adriaan van Herk (Internal) | |
| ABSTRACT: | KGL Resources Limited (KGL:ASX) (KGL or the Company) is pleased to announce the receipt of assay results for Hole KJD216, following the ASX Announcement “Jervois Drilling Confirms Significant Discovery at Reward” released on 30 August 2017 which discovered a significant extension of mineralisation at Reward. As announced on 30 August 2017, hole KJD216 intersected a zone of visible, strong chalcopyrite plus pyrite mineralisation while targeting DHEM Conductors R1 and R3 at Reward. The intersection corresponded to the expected position of Conductor R1 and is 95m below the deepest previous intercept of Conductor R1. KGL Executive Chairman Mr Denis Wood said: “This is a great result given the size of the step out from the previous mineralisation associated with Conductor R1. This is the first hole drilled at Reward in over 2 years. We are taking what we have learnt at Rockface, about the style, controls on mineralisation, geophysical response and applying that knowledge to great effect at Reward. Given the level of support already committed by new and existing shareholders drilling has already commenced last week with the first of two rigs starting the program to further evaluate both Rockface and Reward.” The recent gravity survey conducted over the Unca Creek tenement surrounding Jervois, also included numerous infill stations on the Jervois tenement where a gravity survey was previously undertaken in 2016. These additional stations were designed to provide further detail in key areas including the Rockface/Bellbird region and Reward. | |
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