from Today's $tockhead
Killi Resources (ASX:KLI) (+79%)
Multiple rock chips turned up high-grade gold, including an outstanding 238g/t gold and 5.4% copper hit at the Kaa target, part of KLI’s Mt Rawdon West project in QLD.
Located near the 1.8Moz Mt Rawdon operation owned by ASX gold giant Evolution Mining (ASX:EVN), the explorer has now confirmed a new epithermal gold-copper system exposed at surface and defined a 1.8km mineralised trend that’s open along strike.
KLI is so impressed with the results it’s already planning a maiden drill program after continuing field programs that include IP surveying to wrap up and delineate targets.
“It’s not every day you can walk up to an outcrop and have it return ~8oz of gold in assays,” KLI CEO Kathryn Cutler.
“These results give us confidence to aggressively continue our exploration programs, with an IP survey and local scale surface mapping currently in progress. We look forward to reporting these results in the next few weeks.”
The gold hunter also recently signed a farm-in JV at its West Tanami project in WA where South African juggernaut Gold Fields can earn up to to 85% by spending up to $13m on exploration.
Shares have skyrocketed up 79% in early trade today, swapping portions of the junior at 7.7c at time of writing.
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Mkt cap ! $8.273M |
Open | High | Low | Value | Volume |
5.7¢ | 6.0¢ | 5.7¢ | $6.56K | 111.1K |
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1 | 3601 | 5.9¢ |
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1 | 3601 | 0.059 |
2 | 225295 | 0.057 |
1 | 50000 | 0.056 |
2 | 88978 | 0.055 |
1 | 72000 | 0.054 |
Price($) | Vol. | No. |
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0.060 | 10268 | 1 |
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0.063 | 19393 | 1 |
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