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KGL Resources Ltd.
Summary
| Project: | Jervois | |
|---|---|---|
| Deposit: | Rockface | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Silver-Gold | |
| Date: | 2/9/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-2-2017: KGL Resources Ltd. announces an Exploration/Drilling Update report for its Rockface deposit at the Jervois project. Drilling results incl. 28.0m @ 5.08% Cu, 22.4g/t Ag, 0.22g/t Au from 435m. KGL Resources Limited (ASX: KGL) (KGL or the Company) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rudy Lennartz (Internal) | |
| ABSTRACT: | KGL Resources Limited (ASX: KGL) (KGL or the Company) announces further high grade copper assays from two drill holes at the Rockface prospect in KGL’s 100% owned Jervois Copper-Silver-Gold Project in the Northern Territory. For more than a year, the Company has successfully pursued the cost effective application of Down Hole Electromagnetic (DHEM) surveys leading to targeted drilling to discover high grade copper and precious metals. Diamond holes KJCD201 and KJCD203 have both intersected high grade copper. DHEM surveys from both holes have added significantly to potential mineralisation. Commenting on the results, KGL Chairman Mr Denis Wood said: “Directors are encouraged that the goal of finding a larger, high grade resource at Rockface may now be achievable. “The success of DHEM surveying to define drilling targets has given the board great confidence in the procedure. “The latest results identifying large, strong conductors 6, 7 and 8 point to the potential for increasing mineralisation extending along strike to the east. “This is validating planning for accelerated drilling both to investigate the newly discovered eastern conductor zone and also to pursue a systematic drilling program designed to enable the commissioning of an updated JORC statement of resources. “Rockface is presenting us with the opportunity to define large, high grade resources to lift Jervois to one of the world’s lowest cost projects.” | |
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