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KGL Resources Ltd.
Summary
| Project: | Jervois | |
|---|---|---|
| Deposit: | Rockface | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Silver-Gold | |
| Date: | 5/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-5-2017: KGL Resources Ltd. announces an Exploration/Drilling Update report for its Rockface deposit at the Jervois project. Drilling results incl. 5.5m @ 4.11% Cu, 37.4g/t Ag, 0.65g/t Au, 0.59% Zn, 0.06% Pb from 511.11m. KGL Resources Limited (ASX:KGL) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rudy Lennartz (Internal) | |
| ABSTRACT: | KGL Resources Limited (ASX:KGL) (KGL or the Company) announces that further encouraging copper mineralisation has been intersected in diamond drilling at the Rockface prospect on KGL’s 100% owned Jervois Copper Project in the Northern Territory. KGL has been conducting a nine-hole drilling program designed to investigate the high potential geophysical conductor zones on the eastern side of the Rockface prospect as indicated by down hole electromagnetic (DHEM) surveying, and also to facilitate systematic infill drilling in advance of an updated JORC statement of resources planned for later this year. The results continue to prove the value of DHEM surveying in locating prospective conductor zones and identifying drill targets. Hole KJCD205 intersected copper mineralisation while targeting Conductors 6 and 7 at a depth of 50m below and 25m along strike to the east of where KJCD198 (5.95m @ 4.94% Cu, 25.9g/t Ag, 0.45g/t Au from 449.85m) intersected Conductor 6. The footwall to Conductor 6 is the more typical alteration mineralogy that occurs elsewhere at Rockface with garnet-magnetite with trace pyrite ± chalcopyrite. A second zone of mineralisation intersected by KJCD205 towards the end of the hole comprises veins, stringer and semi-massive chalcopyrite-pyrite sulphide that is hosted within a strongly silica-garnet-magnetite altered host rock. Hole KJCD208 intersected a number of zones of copper mineralisation while targeting Conductors 5, 7 and 8 at depths ranging from 500 – 600m below surface. Hole KJCD210, designed to investigate the previously untested Conductor 1 and shallower regions of Conductor 3, has intersected high grade mineralisation. | |
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