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Red 5 Ltd.
Summary
| Project: | King of the Hills | |
|---|---|---|
| Deposit: | King of the Hills | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-11-2019: 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. 61.0m @ 4.8g/t Au. Red 5 Limited (“Red 5” or “the Company”) (ASX: RED) advises that its strate | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Byron Dumpleton (Internal) | |
| ABSTRACT: | Red 5 Limited (“Red 5” or “the Company”) (ASX: RED) advises that its strategy to develop a stand-alone bulk mining operation at the King of the Hills (KOTH) gold mine, located in the Eastern Goldfields region of Western Australia, has received a further boost following the receipt of additional assay results from ongoing underground diamond drilling. Red 5 completed a 30,000-metre underground diamond drilling program between November 2018 and June 2019, designed to in-fill and extend the KOTH Mineral Resource. A second and third underground rig commenced on site during the September 2019 Quarter to continue the Resource development program and target the potential for mineralisation within a shallow-plunging zone at the northern end of the granodiorite. The arrival of these additional rigs has brought the expected total underground drilling for FY2020 to 85,000m. | |
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