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KalNorth Gold Mines Ltd.
Summary
| Project: | Kurnalpi | |
|---|---|---|
| Deposit: | Schiedam | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/10/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-6-2016: KalNorth Gold Mines Ltd. announces an Exploration/Drilling Update report for its Schiedam deposit at the Kurnalpi project. Drilling results incl. 4m @ 2.50g/t Au from 52m. The Board of KalNorth Gold Mines Limited (“KalNorth or the “Company”, AS | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Lijun Yang (Internal) | |
| ABSTRACT: | The Board of KalNorth Gold Mines Limited (“KalNorth or the “Company”, ASX: KGM) is pleased to provide a report and update on the results of an Aircore drilling program completed at the Schiedam Prospect at Kurnalpi. The prospect was identified as an emerging new gold trend as a result of an initial drilling program in December 2015 evaluating a high priority target defined from a geophysical interpretation of the Kurnalpi Project. The company is pleased with the initial success at Schiedam, a result of an investment in acquiring and interrogating detailed gravity and aeromagnetic data in early 2015. In April, the company completed a small phase (29 holes, 2039m) of angled air core drilling at the Schiedam Prospect ( Figure1) to follow up the positive gold results returned from an initial drill test in December 2015 ( refer December 2015 Quarterly report). The Schiedam Prospect was recognized as a top priority target subsequent to a geophysical interpretation of the Kurnalpi Project undertaken in early 2015. The target was based primarily on the combined occurrence of gravity and magnetic anomalies (Figure 2), with the detailed gravity data acquired in 2012 and 2015 providing increased level of support to areas of interpreted alteration and structural complexity. | |
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