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KGL Resources Ltd.
Summary
| Project: | Jervois | |
|---|---|---|
| Deposit: | Reward | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Silver-Gold | |
| Date: | 12/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-12-2019: KGL Resources Ltd. announces an Exploration/Drilling Update report for its Reward deposit at the Jervois project. Drilling results incl. 65.0m @ 3.60% Cu, 0.54% Pb, 0.49% Zn, 98.60g/t Ag, 0.45g/t Au. KGL Resources Limited (ASX: KGL) (KGL or the | |
| 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 the latest 7 holes drilled at the Reward prospect at KGL’s 100% owned Jervois Copper Project in the Northern Territory (Figure 1). A summary of the results is given in Table 1 and the complete results are provided in Appendix I. The Company has now completed the 2019 drilling program and is awaiting the outstanding assay results. KGL Chairman Denis Wood stressed the importance of the results as the development of the Jervois Project approaches. “The drill results include some impressively wide intervals of high grade copper,” Mr Wood said. “Coming after the high grade results announced three weeks ago, the intersections are very positive. They are just below the proposed pit outline at Reward, they come while detailed mine planning is in progress at Jervois, and so they present the Company with even more options to increase the scale and improve the costs of the operation. “The newly located conductor, with observed chalcopyrite, shows the potential to expand the resource at Jervois. | |
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