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Kaili Resources Ltd.

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Summary

Project:

Jungle Hill

Deposit:Jungle Hill
Location:Australia
Commodities:Gold-Copper-Zinc-Iron
Date:11/16/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:16-11-2018: Kaili Resources Ltd. announces an Exploration/Drilling Update report for its Jungle Hill deposit at the Jungle Hill project. Drilling results incl. 3.0m @ 0.16% Cu. Kaili Resources Limited is pleased to announce that results have been received
Resources:x
CP/QP:[Overall Report]: Mark Derriman (Independent)
ABSTRACT:Kaili Resources Limited is pleased to announce that results have been received for its wholly owned subsidiary company Kaili Gold Pty Ltd’s drilling on its Jungle Hill exploration licence (E31/1114) south east of Kookynie in Western Australia. The Company’s Delta Premium portable XRF unit was used to collect multi element readings from every meter of the drilling program and 4m composite samples were sent to the ALS geochemical laboratory for gold (Au) only analysis. Kaili Gold was successful in obtaining a WA Government grant of $47K from the Collaborative Drilling Program to partially pay for the direct drilling costs at Jungle Hill. A total of 14 RC Drill Holes (Table 1) was completed and sampled for a total advance of 1,849m. Figures 2 and 4 shows the location of the drilling (yellow stars) which targeted a prominent NNW-SSE linear magnetic high adjacent to the Emu Creek Fault, a prominent regional gold mineralising structure in the Yilgarn Craton.

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