Shane Mele, Managing Director, said: “These RC drill holes have intersected some of the thickest massive sulphide zones on the Southern Lode and extended the strike length to the west by approximately 40m. Importantly, these high grade results are interpreted as close to true width. Down-hole electromagnetic (DHEM) surveys have identified these copper zones and further surveys are in progress to define diamond drill targets down plunge on both lodes.” Kidman Resources Limited (“Kidman”, “KDR”, “KDRO”, or the “Company”) is pleased to announce assays results from the RC drill program which intersected thick zones of high grade copper mineralisation on the Southern Lode at the company’s Home of Bullion (HOB) project in the Northern Territory. Drillhole HRC069 intersected an 8m wide zone of massive sulphide mineralisation from 49m extending the Southern Lode near surface 40m further west. The central zone of this intercept returned 3m @ 6.56% Cu, 0.3% Pb, 1.71% Zn, and 11.2g/t silver. The RC drill program has increased our confidence in the internal continuity of copper mineralisation for the Southern Lode and assisted our interpretation of the shoot geometry down-plunge. DHEM surveys on all peripheral drillholes including HRC035 and the broader zones of mineralisation mentioned above are in progress to define new conductors down-dip and along strike to assist targeting drillholes for the upcoming diamond drilling program. In March this year, drilling successfully intersected down-dip extensions of copper mineralisation on the Main Lode and discovered eastern extensions of the Southern Lode beneath shallow cover (Conductor 1) utilizing sophisticated surface and DHEM surveys. More recently, strong DHEM conductors on the Southern Lode have been drilled and intersected high grade mineralisation including 26m @ 4.6% copper, 5.5% Pb, 1.84% Zn, 142.9g/t silver. Significantly, both the Main and Southern lodes remain open in multiple directions.
KDR Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held