Ann: Drilling Underway at Bell Valley Porphyry Target Area, page-83

Solid accumulation today. Few weak hands getting flushed out.

First assay results about 4 weeks away. May see an update from management if they get significant visuals in the aircore drilling.

Management have been very upbeat with the progress so far.
" The drilling program is targeting three interpreted porphyries at the Bell Valley Target Area, where experienced porphyry geologist and mining engineer has noted zonation similar to Newcrest’s Cadia East Mine ."

If they hit significant results like Copper Hill next door then this stock will mutlibag.

"KTA’s Bell Valley target contains the Eastern half of the Copper Hill Igneous Complex (CHIC), which locally hosts the Copper Hill deposit with a total resource of 87Mt at 0.32g/t Au and 0.36 per cent Cu, comprising resources of 47Mt at 0.39g/t and 0.4 per cent Cu, and inferred resources of 40Mt at 0.24g/t Au, and 0.32 per cent Cu, using a 0.2 per cent copper cut-off grade.

The Copper Hill deposit is only 1.5 kilometres from KTA’s Belgravia and sparsely drilled below 350 metres vertically meaning there is good potential for depth extensions.

Again, we can reveal that their 55m at 5.7g/t Au and 1.8% Cu intercept (GCHD470) at Copper Hill rivals any discovery holes recently reported in the belt."