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Red 5 Ltd.
Summary
| Project: | King of the Hills | |
|---|---|---|
| Deposit: | King of the Hills | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-7-2019: 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. 459.0m @ 1.52g/t Au from 0.0m. Red 5 Limited (“Red 5” or “the Company”) (ASX: RED) is pleased t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Byron Dumpleton (Internal) | |
| ABSTRACT: | Red 5 Limited (“Red 5” or “the Company”) (ASX: RED) is pleased to report further outstanding assay results from the 30,000m underground diamond drill program at the King of the Hills (KOTH) gold mine, located in the Eastern Goldfields region of Western Australia. The latest results continue to support and add to the emerging bulk mining opportunities at KOTH, both for a potential bulk open pit mining opportunity and for continued bulk underground mining utilising long-hole stoping. Latest results from the sampling of un-sampled historical drill core, received since the last announcement of 8 November 2018, also continue to add to the bulk mining story. All unassayed intervals of core were assigned zero grade within the current KOTH Resource model, however the ongoing return of assay results above cut-off grade demonstrates that many of these previously un-assayed lengths of core contain significant mineralisation, with the ability to add further contained gold to the already substantial 3.1Moz gold resource base. | |
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