Jervois Drilling Update
Brisbane, June 16, 2014 AEST (ABN Newswire) - KGL Resources Ltd (
ASX:KGL) (KGOLF:OTCMKTS) provides the following Jervois Drilling Update. Reverse circulation and Diamond drilling at Bellbird has focussed on extending the resource at depth and testing an interpreted steep northerly plunge to the deposit. The north plunge is supported by recent results from KJC031 that intersected 4m @ 4.91% Cu from 253m.
KJCD056 located at depth in the central part of the resource also intersected high-grade mineralisation. A significant increase in the Bellbird resource is anticipated and the north plunge, between KJC031 and KJCD026, is still open (See Figure 1 in link below).
Diamond drilling at the Jervois Project is now complete after a nine month program designed to extend the resources at Marshall-Reward and Bellbird. Processing of diamond core is well advanced and results will be available in coming weeks.
RC drilling will be completed early this week. The oxide drilling program has targeted shallow oxide and transitional copper mineralisation at Marshall-Reward, Bellbird, Rockface and Cox's Find. This drilling will result in the first accurate assessment of the copper oxide resources at Jervois and will support the first resource estimates for the Rockface and Cox's Find prospects. Over 10,000 samples have been dispatched to the laboratory in the past 3 weeks.
To view table 1, figure 1, 2 and 3 and the release, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-KGL-407477.pdf
About KGL Resources Ltd
KGL Resources (ASX:KGL) is an Australian mineral exploration company focussed on increasing the high grade Resource at the Jervois Copper-Silver-Gold Project in the Northern Territory and developing it into a multi-metal mine.
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