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Ann: Drilling returns more high-grade results, page-2

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  1. 25,836 Posts.
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    KGL Resources (ASX:KGL) is pleased to announce that reverse circulation (RC) and diamond drilling
    at Jervois has continued to extend high‐grade mineralisation. Significant results from this program
    include:
    Green Parrot (KJC129)
    11m @ 1.93% Cu, 2.61% Pb, 1.25% Zn, 218.1g/t Ag, 0.25g/t Au from 153 m
    Including 4m @ 3.58% Cu, 4.61% Pb, 1.7% Zn, 393.8g/t Ag, 0.56g/t Au from 160 m
    4m @ 3.44% Cu, 2.95% Pb, 0.74% Zn, 252.2g/t Ag, 1.76g/t Au from 177 m
    Johannsen (GTD004)
    1m @ 2.3g/t Au, 8.1g/t Ag from 63 m
    3m @ 4.1% Cu, 0.82% Pb, 0.3% Zn, 189.2g/t Ag, 0.29g/t Au from 64 m
    Reward (KJC114)
    5m @ 0.88% Cu, 13g/t Ag, 0.32g/t Au from 244 m
    7m @ 1.4% Cu, 0.56% Pb, 28.5g/t Ag, 0.32g/t Au from 256 m
    A ~10,000m RC drilling program was commenced in early February at the Bellbird, Marshall‐Reward
    and Green Parrot Resources. Particular emphasis was placed on targeting poorly drilled portions of
    these resources that have potential for high‐grade mineralisation and are within the proposed open
    pits or close to planned underground mine development.
    KJC129 at Green Parrot was drilled to follow up intersections in holes JOC222‐223 drilled last year
    below the planned open pit shell. Two zones of mineralisation were intersected that are likely to
    result in a resource extension and deepening of the pit. The increase in gold and over 200g/t silver
    in both intervals at depth is particularly encouraging.
    GTD004 was drilled at the edge of the planned Reward open pit. A zone of supergene enriched
    copper was intersected in a mineralised trend parallel to the main Reward resource at the
    Johannsen prospect. Although mineralisation at Johannsen is less continuous, its close proximity to
    Reward is likely to have a positive impact on the pit shell.
    Drilling at the northern end of Reward in KJC114 intersected good mineralisation at depth, adjacent
    to existing designed UG development.
 
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