Resource Extension Drilling at Bellbird
Brisbane, Aug 11, 2014 AEST (ABN Newswire) - KGL Resources Limited (KGL.AX) Resource extension drilling at Bellbird has intercepted further copper mineralisation with good widths and grades along the extent of the deposit.
Significant results include
- 7m @ 4.84% Cu, 37.7g/t Ag, 0.18g/t Au from 214 m (Hole KJC100)
- 6m @ 4.53% Cu, 34.9g/t Ag, 0.15g/t Au from 390 m (Hole KJCD053)
- 5m @ 2.63% Cu, 12.3g/t Ag, 0.17g/t Au from 272 m (Hole KJC095)
- 6m @ 2.12% Cu, 5.8g/t Ag, 0.03g/t Au from 413 m (Hole KJCD054)
- 2m @ 3.09% Cu, 4.6g/t Ag, 0.06g/t Au from 396 m (Hole KJCD055)
- 2m @ 4.64% Cu, 13.3g/t Ag, 0.11g/t Au from 361 m (Hole KJCD057)
- 5m @ 1.81% Cu, 11.4g/t Ag, 0.19g/t Au from 396m (Hole KJCD086)
Bellbird is located 4.5km southwest of the Marshall-Reward resource at the Jervois project in the Northern Territory. A 30,000m drilling program was commenced in September 2013 with the aim of substantially increasing the resource at Jervois. Holes were designed on an 80m by 50m grid to test the mineralised horizon beyond the existing 2012 resource boundary.
Results from the drilling program have been above expectation with good widths of medium to high grade copper mineralisation intersected well outside the 2012 resource (Figure 2). Previously reported intersections in KJC031 and KJCD026 indicated a possible north plunge to the resource but recent results from KJCD053, KJCD057 and previously reported KJCD056 encouragingly show good potential down dip. Importantly many of these new intersections also reveal that the mineralisation is still open despite the holes being targeted 100m beyond the resource boundary.
Simon Milroy the managing director of KGL Resources comments "Resource extension drilling is continuing to generate excellent results at Bellbird with potential for further extension at depth and to the north. We are now eagerly awaiting the results of the resource update."
To view diagrams, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-KGL-409760.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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