Kimberley Metals Limited (ASX:KBL) Report High Grade Gold/Copper Intersection at Mineral Hill Mine
Sydney, Aug 3, 2011 AEST (ABN Newswire) - Kimberley Metals Limited (
ASX:KBL) ("Kimberley Metals" or the "Company") announced today results of the third diamond drill hole in the drilling program underway between the Eastern Ore Zone (EOZ) and Southern Ore Zone (SOZ) at the Company's Mineral Hill Mine. These results confirm Mineral Hill's previous status as a precious metal producer.
Assay results received to date for hole KMHDD012 include:
- 5.4 metre at 2.5% Cu & 4.4g/t Au
Incl : 1.3 metre at 4.9% Cu & 12.5g/t Au
These results confirm the existence of the high grade Cu-Au structure (ESOZ) previous identified by historical drilling. The mineralised structure has a strike length of more than 350m, extends for over 150m down dip, and has true widths ranging from 4 to 10m. This structure is parallel and adjacent to existing underground infrastructure and provides an opportunity to add additional tonnes to the Mineral Hill production profile. Narrow mineralised veins parallel to the main interval exist in the hanging and footwall position, indicating a total mineralised envelope width of plus 200m. Significant alteration coincident with this zone indicates potential for a larger feeder system at depth.
Mineralisation is open along strike and both up/down dip.
The Au-Cu results represent a similar style of mineralisation to the previously mined high grade Au-Cu EOZ deposit directly along strike to the north and the SOZ to the south. The occurrence of this style of mineralisation demonstrates the prospectivity of the EOZ/Parkers Hill/SOZ structural corridor.
The current drilling program is designed to provide detailed geological, geotechnical and metallurgical data on the deposit, and increase the understanding of structural controls on mineralisation for a resource upgrade currently in progress and due for release in the September quarter.
For the complete Kimberley Metals Limited announcement including figures and tables, please view the following link:
http://media.abnnewswire.net/media/en/docs/ASX-KBL-552056.pdf
About KBL Mining Ltd
KBL Mining Ltd (ASX:KBL) is an Australian resource Company listed on the ASX with a focus on producing precious and base metals. KBL's main assets include the Mineral Hill copper-gold-silver-lead-zinc mine near Condobolin in New South Wales and Sorby Hills lead-silver-zinc project in Western Australia. The Company has been operating the refurbished processing plant at Mineral Hill since October 2011 to produce copper-gold concentrates and in 2013 commenced producing a separate lead-silver concentrate. Sorby Hills (KBL holds 75% with Henan Yuguang Gold & Lead Co. Ltd (HYG&L) holding 25%) is a large near surface undeveloped silver-lead deposit close to port infrastructure and a short distance from Asian markets.
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