mineral hill operations update

I quite like the sound of the short term proceedings in the last paragraph.



Mineral Hill Update
Transitioning to higher margin copper-gold (Cu-Au) production
? Underground production at Mineral Hill now focused on four high margin Cu-Au lodes.
? Combined JORC Resource of 1.13Mt ore, averaging 1.6% Cu, 3.2g/t Au, 12g/t Ag
? Red Terror Southwest Cu-Au lode included in the four production targets, following release of initial maiden Resource estimate.
? Drilling continues to expand Red Terror Cu-Au resources. New mineralised lodes identified. Significant intersections include:
- 5m @ 1.0% Cu and 4.4 g/t Au;
- 2.4m @ 3.3% Cu and 1 g/t Au;
- 11.8m @ 2.9% Cu and 2.7 g/t Au;
- 15.3m @ 2.6% Cu and 0.5 g/t Au; and
- 16m @ 1.2% Cu and 7.3 g/t Au
? The GD140 lodes represent a potential fifth Cu–Au ore source, and recent surface reverse circulation (RC) drilling has indicated a possible sixth lode at the southern end of the Eastern Ore Zone (EOZ), adjacent to current workings.
KBL Mining Limited’s (ASX: KBL and KBLGA) operating Mineral Hill Mine, located 60km north of Condobolin in central NSW, is now focused on production from an underground Cu-Au Resource inventory, totalling 1.13Mt of high-grade ore. Targets include the Red Terror Southwest, ESOZ, SOZ Au and SOZ Cu-Au Lodes (see Table 1).
Underground targets GD140 and EOZ South have also been identified as having the potential to add significant additional Cu-Au resources in the short term.

Trangie Johnston, Chief Executive Officer, commented:
“Our Mineral Hill Mine is rapidly transitioning towards becoming a significant underground Cu-Au play with 1.13Mt of high-grade ore already defined in a JORC Resource estimate. We are well advanced to substantially grow this figure in the short term through the identification of new lodes and the expansion of existing ones.