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King River Copper Ltd.
Summary
| Project: | Mt Remarkable | |
|---|---|---|
| Deposit: | Trudi | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 11/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-11-2017: King River Copper Ltd. announces an Exploration/Drilling Update report for its Trudi deposit at the Mt Remarkable project. Drilling results incl. 6m @ 37.6g/t Au, 67.4g/t Ag from 14m. King River Copper Ltd (ASX:KRC) is pleased to report that a | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ken Rogers, Andrew Chapman (Internal) | |
| ABSTRACT: | King River Copper Ltd (ASX:KRC) is pleased to report that a new scissor hole at the Trudi Vein location targeting a historical high grade zone (KRC ASX announcement 29 October 2017) has intersected 6m at 37.6g/t Gold (Au), including 1m at 90.7 g/t Au. This result is significantly higher than an earlier explorer at Mt Remarkable who had previously reported some high-grade gold results including 5m at 15.4g/t at this Trudi Vein location (see KRC:ASX 5 April 2016 release). The depth of these intersections is ~ 15 metres vertical. Drilling has tested multiple gold targets including the extension and confirmation of historical high-grade drill results, extensions to known mineralised zones and veins, and newly discovered veins. A limited 6 metre interval (6 x 1m drill chip samples) from the scissor hole was flown to Perth on Thursday 2 November 2017 and those assay results were received by the company on Wednesday 8 November 2017. The balance of assay results from that scissor drilling (above and below) this high grade 6 metre zone were delivered to the laboratory on Wednesday 8th and those results are expected next week. Current and historical drill collars are currently being confirmed by DGPS and downhole surveys to help accurately plot the holes for construction of detailed plans, sections and 3D modelling when all the assay results are received. The Company will then be best placed to plot and interpret all these results in some context, and advise shareholders accordingly. A second phase of RC drilling is due to commence today. | |
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