new massive sulphide zone

New Massive Sulphide Zone at Home of Bullion
Kidman Resources Limited (“Kidman” or the “Company”) is pleased to announce assay results for the first hole drilled into FLEM Conductor 1 at its Home of Bullion (HOB) prospect at Barrow Creek in the Northern Territory.
A total of 16 holes have been completed on FLEM conductor 1 and the RC rig has now moved onto the next round of FLEM conductor targets and assay results for the remaining holes are pending;
Highlights;
? New polymetallic massive sulphide discovery located adjacent to previously reported Main Lode and Southern Lens
? HRC034 2m @ 1.64% Cu, 0.32% Zn, 0.5% Pb, 15.3 g/t Ag from 69m
? HRC034 17m @ 1.27% Cu, 1.5% Zn, 0.9% Pb, and 20 g/t Ag from 96m
(17m @ 2.1% Cu equivalent)
including;
2m @ 1.28% Cu, 2.8% Zn, 1.9% Pb, 35 g/t Ag from 96m (2.9% Cu Eq)
3m @ 2.3% Cu, 3.4% Zn, 1.5% Pb, 37.7 g/t Ag from 107m (4% Cu Eq)
? Multiple massive sulphide zones observed in other drillholes on Conductor 1 with assays pending
? Confirms geophysical model of co-incident Magnetic / FLEM targets at HOB
Conductor 1 was identified as a priority drill target due to the strong coincident magnetic and FLEM responses located directly along strike, and to the east of the Southern Lens. Conductor 1 is overlain by shallow alluvial cover hindering past explorers but the intersection of the first drillhole, HRC034, containing massive sulphides such as chalcopyrite, galena, and sphalerite, confirms our geophysical model. The sulphide assemblage is similar to what has been observed on the Main Lode.
At this early stage, drilling suggests the copper lens has a steeper dip towards the northeast than the Main Lode. Also noted is a broad zone of anomalous copper, lead, zinc, silver and arsenic in the footwall zone of drillhole HRC034 which remains unexplained.
Selected drillholes from this RC program have been cased for further DHEM surveys to provide the next round of drill targets.
The drill rig is currently moving to Prospect D to commence drilling. This program will target previously identified higher-grade copper-nickel zones and a shallow DHEM anomaly.