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KGL Resources Ltd.
Summary
| Project: | Jervois | |
|---|---|---|
| Deposit: | Rockface | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Silver-Gold | |
| Date: | 8/2/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-8-2016: KGL Resources Ltd. announces an Exploration/Drilling Update report for its Rockface deposit at the Jervois project. Drilling results incl. 10.5m @ 8.76% Cu, 0.05% Pb, 0.06% Zn, 42.9g/t Ag, 0.51g/t Au from 478.4 m. Assay results from KJCD195 wher | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Martin Bennett (Vectorex Pty Ltd.) | |
| ABSTRACT: | Assay results from KJCD195 where diamond drilling intersected two zones of significant mineralisation have now been received. The first zone of which comprised semi-massive and veined chalcopyrite-pyrite in a strongly altered garnet-magnetite host rock coinciding with Conductor 3 included 10.5m @ 8.76% Cu, 42.9g/t Ag, 0.51g/t Au from 478.4 m. The style of mineralisation is similar to that observed in KJCD171 and KJCD182-3 located up dip from KJCD195 although the grades in copper, silver and gold are all noticeably higher. In addition the density (SG) of 4.28t/m3 for the above intersection is significantly higher than the nearby Bellbird mineralisation that is typically about 3.0t/m3. The recently completed DHEM survey suggests that Conductor 3 extends well below this intercept in KJCD195 and will be a target for future drilling. The second zone of mineralisation intersected in KJCD195 is comprised of veins, stringer and disseminated chalcopyrite-pyrite sulphide that is also hosted within a strongly altered garnet-magnetite altered host rock that included 5.1m @ 2.66% Cu, 0.39% Zn, 13.8g/t Ag, 0.27g/t Au from 513.6 m. This zone did not display an in-hole DHEM response though both above and below this horizon were strong off-hole DHEM responses including Conductor 4 the large Conductor 5 anomaly that is modelled to extend down to -330mRL, being over 700m below the outcropping Rockface mineralisation (Figure 1). | |
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