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Red 5 Ltd.

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Summary

Project:

King of the Hills

Deposit:King of the Hills
Location:Australia
Commodities:Gold
Date:10/17/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:17-10-2019: Red 5 Ltd. announces an Exploration/Drilling Update report for its King of the Hills deposit at the King of the Hills project. Drilling results incl. 16.0m @ 1.24g/t Au from 204.0m. Red 5 has commenced a drill program at the King of the Hills
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Byron Dumpleton (Internal)
ABSTRACT:Red 5 has commenced a drill program at the King of the Hills (KOTH) project targeting the mineralisation in historical drill hole TARD4041 (4.0m @ 30.7g/t Au). The first hole from this program, KHRD0278, deviated prior to reaching the target, but delivered best results (>1g/t Au). Red 5 Managing Director, Mark Williams, said the success of the first “proof-of-concept” hole to evaluate the potential of King of the Hills “down the nose” represented a potentially significant exploration milestone for the Company. “This is an encouraging development, which provides further insight into the broader potential of the KOTH mineralised system developing around the granodiorite contact. The underground component of our current Mineral Resource totals 1.11 million ounces of contained gold, which covers around 1km of strike. The perimeter of the granodiorite is over 12km, with significant potential for along strike extensions or repeats of the existing Resource.”

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