Ann: KGL Resources intersects 25.4% Zinc at Jervois, page-2

KGL Resources intersects 25.4% zinc at Jervois
KGL Resources (ASX:KGL) is pleased to announce that reverse circulation (RC) drilling at Jervois has
continued to extend high‐grade mineralisation. Individual one metre intercepts were up to
25.4% zinc (KJC138) and 23.5% lead (KJC136) at Reward North, 7.34% copper (KJC163) at Bellbird
East and 404 g/t silver (KJC159) at Green Parrot. Significant results from this program include:
Green Parrot
KJC159 ‐ 14m @ 1.49% Cu, 0.64% Pb, 0.3% Zn, 160.5g/t Ag, 0.09g/t Au from 160 m
Including 3m @ 3.83% Cu, 1.08% Pb, 0.17% Zn, 404g/t Ag, 0.2g/t Au from 170 m
3m @ 1.77% Cu, 0.2% Pb, 0.35% Zn, 117.1g/t Ag, 0.24g/t Au from 190 m
Reward North
KJC 138 ‐ 3m @ 7.76% Pb, 10.29% Zn, 0.07% Cu, 86.6g/t Ag, 0.06g/t Au from 34 m
KJC140 ‐ 4m @ 5.03% Pb, 6.91% Zn, 0.24% Cu, 48.2g/t Ag, 0.04g/t Au from 57 m
Bellbird East
KJC161 ‐ 6m @ 1.36% Cu, 2.72% Pb, 6.92% Zn, 19.3g/t Ag, 0.06g/t Au from 65 m
KJC163 ‐ 7m @ 2.1% Cu, 1.11% Pb, 2.19% Zn, 17g/t Ag, 0.03g/t Au from 51 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 or close to the
proposed open pits or planned underground mine development. The final assays have been
received and work is now commencing on updating the Jervois resource.
Drilling beneath the 2014 Green Parrot pit shell has intercepted copper mineralisation with
associated high silver assays (KJC159 14m @ 1.49% Cu, 160.5g/t Ag from 160m). Green Parrot
primarily contains high‐grade lead‐zinc mineralisation with associated copper, hosted by calc‐
silicate within micaceous schist. Deformation has resulted in the formation of high‐grade lead‐zinc
lenses surrounded by wide zones of lower grade mineralisation. Copper mineralisation intersected
in the most recent drilling is likely to result in a deepening of the pit and additional drilling will be
required to fully delineate the copper mineralisation which remains open at depth.
Several zones of shallow lead‐zinc‐silver mineralisation were identified in 2014 beyond the
northern wall of the proposed Marshall‐Reward open pit. Follow up drilling in 2015 has confirmed
and extended these zones with a best result of 3m @ 7.76% Pb, 10.29% Zn, 86.6g/t Ag from 34m in
KJC138. This new zone is likely to be captured in a new open pit following the planned resource
update and pit optimisation.