These are what we can look forward to this Dec Qtr:
a) More high Cu & Au content assays from the 2000m diamond drilling. Pending assays include:
- KUPH011-015 (in the coming weeks).
- Additional ddh KUPH016-027.
b) More high Cu & possibly Au content assays from the 1000m reverse circulation drilling announced on 27Sep. Pending assays include:
- KMHRC122: 119m–146m (27m)
- KMHRC123: 110m–147m (37m)
- KMHRC124: 110m–134m (24m) and 155m–181m (26m)
c) Upgrade to the Parker's Underground/Red Terror resources.
d) Installation of the gold circuit to coincide with mining the high grade gold ore zones. This will result in cash cost head below $1.50/lb of Cu.
e) Upgrade of the Pearse South Gold & Silver project to incorporate drill results from 2012. This includes the following:
- 51m @ 9.8g/t Au and 72g/t Ag from 32m
- 14m @ 25.5g/t Au and 56g/t Ag from 13m
- 11m @ 8.8g/t Au & 160g/t Ag from 52m
- 23m @ 6.0g/t Au & 102g/t Ag from 65m
- 26m @ 6.4g/t Au & 74g/t Ag from 58m
Current resource at Pearse South includes 62,000 oz of Au and 765,000 oz of Ag. Metallurgical testwork has shown that gold and silver recoveries can reach 90% and 75% and this will underpin KBL's 2014 free cash flow of $40m/annum.
f) A maiden resource estimate for Pearse North Gold & Silver project. This will enhance the LOM for the Pearse Gold-Silver project.
All in all, KBL shareholders can expect a slew of positive announcements this Qtr. SP will propel very much higher than where we are today. GLTAH.
These are what we can look forward to this Dec Qtr:a) More high...
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