www.kglresources.com.au
25 September 2017
JERVOIS COPPER PROJECT - HIGH GRADES CONFIRMED IN REWARD DRILLING- Further high copper, silver and gold grades confirmed at Reward
- DHEM extends Rockface Conductors
- Gravity inversion results identify several new targets
- Drilling has recommenced with additional rig scheduled to arrive shortly
KGL Resources Limited (KGL:ASX) (KGL or the Company) is pleased to announce the receipt of assay results for Hole KJD216, following the ASX Announcement "Jervois Drilling Confirms Significant Discovery at Reward" released on 30 August 2017 which discovered a significant extension of mineralisation at Reward.
Reward Prospect - Discovery of deeper, Rockface-like mineralisation
As announced on 30 August 2017, hole KJD216 intersected a zone of visible, strong chalcopyrite plus pyrite mineralisation while targeting DHEM Conductors R1 and R3 at Reward. The intersection corresponded to the expected position of Conductor R1 and is 95m below the deepest previous intercept of Conductor R1. Assays from this interval (refer Tables 1 & 3) confirm the high grades
11.63m @ 4.2% Cu, 0.81% Pb, 1.07% Zn, 86g/t Ag, 0.65g/t Au from 636.1 m
Including 2.27m @ 11.14% Cu, 3.46% Pb, 4.75% Zn, 329.3g/t Ag, 1.33g/t Au from
644.4 m
The DHEM survey announced on 12 September 2017 confirmed that the bottom edge of Conductor R3 was 20m above this intercept. Modelling also indicated the presence of a new strong conductor R6 centred to the south and below hole KJD216 (Figure 2). Both of these conductors at Reward will be targeted in the current drilling program.
KGL Executive Chairman Mr Denis Wood said:
"This is a great result given the size of the step out from the previous mineralisation associated with Conductor R1. This is the first hole drilled at Reward in over 2 years. We are taking what we have learnt at Rockface, about the style, controls on mineralisation, geophysical response and applying that knowledge to great effect at Reward.
Given the level of support already committed by new and existing shareholders drilling has already commenced last week with the first of two rigs starting the program to further evaluate both Rockface and Reward."
Photograph 1. Close-up of massive sulphide zone showing a breccia matrix of chalcopyrite and pyrite with fragments of rounded magnetite and quartz. Quartz shows inclusions of chalcopyrite and minor molybdenite. (KJD216 circa 645.27-646.6m)
Table 1 Assays for diamond hole KJD216
Hole | Sample No. | From m | To M | Interval Copper Lead Zinc m % % % | Silver g/t | Gold g/t | |||
KJD216 | 502368 | 634.43 | 635.52 | 1.09 | 0.05 | 0.01 | 0.04 | 0 | 0 |
KJD216 | 502369 | 635.52 | 636.1 | 0.58 | 0.18 | 0.02 | 0.03 | 2.6 | 0.04 |
KJD216 | 502370 | 636.1 | 636.6 | 0.50 | 1.94 | 0.01 | 0.04 | 6.7 | 0.17 |
KJD216 | 502372 | 636.6 | 637.6 | 1.00 | 0.89 | 0.01 | 0.32 | 3.2 | 0.12 |
KJD216 | 502373 | 637.6 | 638 | 0.40 | 1.54 | 0.03 | 0.82 | 9 | 0.22 |
KJD216 | 502374 | 638 | 639 | 1.00 | 0.40 | 0.02 | 0.15 | 3.2 | 0.05 |
KJD216 | 502375 | 639 | 639.92 | 0.92 | 0.75 | 0.04 | 0.03 | 8.7 | 0.24 |
KJD216 | 502376 | 639.92 | 640.7 | 0.78 | 2.56 | 0.03 | 0.06 | 12.1 | 1.86 |
KJD216 | 502378 | 640.7 | 641.13 | 0.43 | 5.16 | 0.05 | 0.09 | 26.3 | 1.23 |
KJD216 | 502379 | 641.13 | 642 | 0.87 | 1.77 | 0.06 | 0.10 | 22 | 0.35 |
KJD216 | 502380 | 642 | 642.8 | 0.80 | 3.52 | 0.03 | 0.10 | 18.5 | 0.16 |
KJD216 | 502381 | 642.8 | 643.63 | 0.83 | 4.82 | 0.03 | 0.15 | 15.5 | 0.5 |
KJD216 | 502382 | 643.63 | 644.4 | 0.77 | 3.85 | 0.46 | 0.28 | 84.4 | 1.21 |
KJD216 | 502384 | 644.4 | 645.27 | 0.87 | 10.52 | 0.78 | 0.65 | 145 | 2.4 |
KJD216 | 502385 | 645.27 | 646 | 0.73 | 13.09 | 4.49 | 6.54 | 394.5 | 0.59 |
KJD216 | 502386 | 646 | 646.67 | 0.67 | 9.82 | 5.84 | 8.13 | 497.5 | 0.76 |
KJD216 | 502387 | 646.67 | 647.73 | 1.06 | 4.20 | 0.96 | 0.24 | 92.9 | 0.22 |
KJD216 | 502389 | 647.73 | 648.7 | 0.97 | 0.07 | 0.04 | 0.05 | 2.1 | 0 |
Reward Prospect
Figure 1. Reward Cross-Section 7495275N
Reward Longitudinal Section - Looking West
~915 MetersFigure 2 Reward Long section 630 380E highlighting the DHEM conductors
KGL Resources Limited published this content on 25 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 September 2017 08:34:01 UTC.
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