Further high grade copper results at Home of Bullion Highlights;
? HRC067 4m @ 2.6% Cu, 2.7% Pb, 0.22% Zn, & 42.9 g/t Ag from 69m (Southern Lode)
? HRC064 4m @ 2.5% Cu, 0.34% Pb, 0.24% Zn, & 44.6g/t Ag from 12m (Main Lode)
? DHEM surveys underway to define copper zones down dip
? Two diamond drill rigs to commence drilling on both Main and Southern lodes
Shane Mele, Managing Director, said “These drill holes confirm extensions along strike and also the internal continuity of the southern lode with the reported intercepts interpreted as close to true width. Down-hole electromagnetic (DHEM) surveys have successfully identified these copper zones and will be utilized to define diamond drill targets down plunge on both lodes.”
Kidman Resources Limited (“Kidman” or the “Company”) is pleased to announce the next batch of assays results from the RC drill program which intersected further zones of high grade copper mineralisation on the Southern Lode at the company’s Home of Bullion (HOB) project in the Northern Territory.
Drillhole HRC067 intersected an 8m wide zone of massive sulphide mineralisation from 69m. The central zone of this intercept returned 4m @ 2.6% Cu, 3.2% Pb, 0.22% Zn, and 42.8g/t silver.
HRC064 targeted the Southern Lode and intersected the Main Lode in the gossanous oxide zone in the upper 15m. Both intersections are interpreted to be close to true width.
Interestingly, broader zones of mineralisation of up to 30m width grading >0.2% copper, not previously observed at Home of Bullion, were intersected in the deeper drillholes HRC065 and HRC066. There is also evidence of potential metal zonation within these intervals with lead and zinc grades of up to 2% and 3.2 % respectively. The RC drill program has increased our knowledge of the overall shoot geometry as well as the internal continuity of copper grades within the Southern Lode.
DHEM surveys are in progress on all peripheral drillholes including HRC035, and the broader zones of mineralisation mentioned above, to define new conductive zones down-dip and along strike to assist targeting drillholes for the upcoming diamond program. In February/March this year drill programs 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) utilising sophisticated surface and down-hole electromagnetic 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:
35.5¢ Sentiment: Buy Disclosure: Held
