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King River Copper Ltd.
Summary
| Project: | Mt Remarkable | |
|---|---|---|
| Deposit: | Trudi | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 6/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-6-2018: King River Copper Ltd. announces an Exploration/Drilling Update report for its Trudi deposit at the Mt Remarkable project. Drilling results incl. 4m @ 113.29g/t Au from 23.0m. King River Copper Ltd (ASX:KRC) is pleased to announce that fine visi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ken Rogers, Andrew Chapman (Internal) | |
| ABSTRACT: | King River Copper Ltd (ASX:KRC) is pleased to announce that fine visible gold has been observed in the latest holes at the eastern end of the current reverse circulation (“RC”) drilling grid of the Trudi Vein, at the Mt Remarkable Project (200km south of Kununurra). A total of 46 holes for 1,600m have been completed so far with the first batch of assay results (for the first 650m of drilling) received on Wednesday last week, returning multiple high-grade gold intersects. In addition, a set of prioritised samples with visible gold were sent to the laboratory with assay results received on Saturday. This announcement summarises these results. Assays are pending for the rest of the holes drilled to date. The current drill programme is a close spaced RC grid (drill intersections aimed at 5m spacing) designed to test and delineate the trend of high-grade gold mineralisation and identify other nearby high-grade shoots (Figure 2 and 3). The drilling is also designed to provide insight into mineralisation controls and assist with future targeting of high grade mineralisation on this and other veins. The fine visible gold mineralisation was noted in KMRC0078 (25-26m) at the eastern end of the current drill grid, east of historical drill intersection of 4m at 15.06g/t Au (KRC ASX announcement 5 April 2016) forming what appears to be a narrow, very high-grade shoot plunging to the east where historic drilling has been sparse. Panning of this interval (roughly 2 scoops ~1kg of drill material) and another interval (23-24m) returned significant tails of gold – see photos below in Figure 1. Niton hand held XRF Analyser testing of these two drill intervals returned gold responses of >10g/t and testing of holes around this intersect also returned responses indicating narrow but high-grade gold mineralisation - see Figure 3 below (due to the poor lower gold detection capability of the hand held XRF device there needs to be significant values of gold present in the RC pile to get a response, if any, so a gold response in the Niton could indicate that high grade gold mineralisation is present). | |
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