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King River Resources Ltd.
Summary
| Project: | Mt Remarkable | |
|---|---|---|
| Deposit: | Mt Remarkable | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 1/10/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-1-2020: King River Resources Ltd. announces an Exploration/Drilling Update report for its Mt Remarkable deposit at the Mt Remarkable project. Drilling results incl. 7m @ 0.85g/t Au, 2.64g/t Ag from 120m. All assays have been returned from the 2019 RC d | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ken Rogers, Andrew Chapman (Internal) | |
| ABSTRACT: | All assays have been returned from the 2019 RC drilling at King River Resources (KRR ASX) Mt Remarkable gold project. Drilling targeted the Trudi vein as well as veins identified during reconnaissance exploration earlier in the year. Best results from the latest assays are from the Trudi vein and the Jennifer North vein. Geophysical work continues to define IOCG targets at Tennant Creek on EL31619 in preparation for drilling in late March 2020. A new mineralised zone 150m east of the main Trudi deposit has been intersected with grades up to 2.42g/t Au. The new zone is between the main Trudi deposit and a broad mineralised zone intersected in 2018, where 10m @ 0.32g/t Au within a 29m mineralised zone averaging 0.16g/t Au was returned (KMRC101, KRR announcement 7 August 2018 - Figure 2). The strength of the quartz-adularia veining (Figure 1), higher grades and low gold/silver ratio is encouraging for further exploration for high-grade zones around and down plunge of this new intersection. The intersection also appears to confirm that the Trudi vein has been offset 50m to the north by a north east trending fault (Figure 3). The intersection of this offsetting fault with the Trudi Vein also presents new structural targets for mineralisation (close to the intersecting structures and within the offsetting fault itself). | |
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