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Red 5 Ltd.
Summary
| Project: | King of the Hills | |
|---|---|---|
| Deposit: | King of the Hills | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/19/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-3-2020: 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. 7.46m @ 28.36g/t Au from 122m. Managing Director of Red 5 Limited, Mark Williams, said the lat | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Byron Dumpleton (Internal) | |
| ABSTRACT: | Managing Director of Red 5 Limited, Mark Williams, said the latest assay results demonstrate the significant potential to continue to grow the existing Mineral Resource base at King of the Hills with drilling programs planned to continue even after the Mineral Resource update is released. Red 5 Limited (“Red 5” or “the Company”) (ASX: RED) reports further outstanding results from in-fill drilling, extensional underground diamond drilling and surface Reverse Circulation (RC) drilling at the King of the Hills (“KOTH”) gold mine, located in the Eastern Goldfields region of Western Australia. KOTH has an existing Mineral Resource estimate totalling 3.1 million ounces of contained gold (see ASX announcement 20 May 2019), with the existing Resource model based on assays received up to 14 February 2019. An updated Mineral Resource will be released separately today. The 85,000-metre FY2020 underground diamond drilling program, which commenced last year and is continuing with one diamond dril rig, is aimed at | |
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