KRR

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1.0¢ king river resources limited

Ann: Mt Remarkable Gold Update, page-9

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07/08/18

12:50

Post #: 34772748
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Originally posted by Jukebox45 ↑

Exploration Update – Significant Drill Results
King River Copper Ltd (ASX:KRC) is pleased to announce that its RC and diamond drill programme is continuing to return significant drill results from its Mt Remarkable Project (200km south of Kununurra). These include the following new intersections:
• Three new very high-grade intersections above the eastern end of the Trudi Grid area:
o 4m @ 36.77g/t Au from 7m including 1m @ 70.9g/t Au KMRC127,
o 3m @ 29.53g/t Au from 9m including 1m @ 87.30g/t Au KMRC129,
o 5m@ 9.03g/t Au from 8m including 1m @ 28.10g/t Au KMRC126.
• New high-grade results from drilling beneath the main 5m grid drilling with four adjacent holes returning: 3m @ 6.79g/t Au including 1m @ 13.95g/t Au (KMRC112), 7m @ 1.84g/t Au including 1m @ 9.5g/t Au (KMRC109), 7m @ 2.51 including 2m @ 8.25g/t Au (KMRC111) and 10m @ 1.95g/t Au including 1m 8.39g/t Au (KMRC113). These results are around previously reported deeper grid hole intersection of 10m @ 1.53g/t Au including 1m @ 9.33g/t Au (KMRC114) ASX 28/6/18.
• A new mineralised quartz-adularia vein set has been discovered 4km south west of Trudi. A single initial RC hole was drilled returning 7m @ 0.18g/t Au including 1m @ 0.38g/t Au from 29m and 4m @ 1% Cu from 44m (KMRC123).
The very high-grade results in holes KMRC126, 127 and 129 are shown in the long projection below (Figure 1). They are from directly above the eastern very high-grade zone (previously announced 4/6/18 and 20/6/18) where best result of 4m @ 113.29g/t Au including 1m @ 346g/t Au from KMRC78 was returned. Visible gold was observed in panning tails from two of the holes (KMRC127 and KMRC129). Drilling continues to test the Trudi vein to the east of this zone with further assays pending.

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Very good results, except mechanical problems don’t help and they’ve lost 4weeks worth of drilling! Hopefully TB and his team get more drill rigs down to Mt. Remarkable!

KRC Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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