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Kaili Resources Ltd.
Summary
| Project: | Gindalbie | |
|---|---|---|
| Deposit: | Canegrass, Holey Dam | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-9-2019: Kaili Resources Ltd. announces an Exploration/Drilling Update report for its Canegrass, Holey Dam deposit at the Gindalbie project. Results from recent vacuum drilling programme. Kaili Resources Limited is pleased to announce the drilling resul | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Derriman (Internal) | |
| ABSTRACT: | Kaili Resources Limited is pleased to announce the drilling results of its Gindalbie Gold Project located 50 km north of Kalgoorlie in Western Australia (Figure 1). The drilling at the sites was finalised on the 15th August 2019 within ELs 31/1113 (Canegrass) and 27/550 (Holey Dam). A total of 387 vacuum drill holes were completed for 5 areas at Holey Dam and 6 areas at Canegrass. The total drill advance was 1,516 m and the average drilling depth was 7 m. Figure 2 is a lithostructural interpretation of the Canegrass Project which is dominated by mafic lithologies with lesser felsic volcanics and granite. The areas drill tested were chosen using a mixture of recent surficial geochemical results and structures associated with mafic lithologies. The drill rig chosen has a very small environmental footprint and no access tracks were required to get to the drilling grid. Figure 3 shows the same drill grids over a RTP 1VD aeromagnetic image and the structural interpretation that was derived from an interpretation of that and other geophysical data sets. Drill testing of Areas A and B (Figure 4) returned two areas of elevated Au in the range of 10‐25ppb in fold axis/limbs settings. Sseveral pot fold faults are evident in the image and may have been conduits for mineralising fluids. | |
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