Exploration Drilling Results at Coxs Find Prospect
Brisbane, Aug 13, 2014 AEST (ABN Newswire) - KGL Resources Limited (
ASX:KGL) (KGOLF:OTCMKTS) report that exploration drilling at Cox's Find intercepted narrow high-grade copper mineralisation below outcropping gossans to the south of previous drilling. Significant intercepts included:
- 3m @ 2.57% Cu, 4g/t Ag, 0.04g/t Au from 68 m (Hole KJC062)
- 4m @ 3.5% Cu, 12.6g/t Ag, 0.03g/t Au from 127 m (Hole KJCD085)
- 2m @ 2.16% Cu, 4g/t Ag, 0.04g/t Au from 55 m (Hole JOC131)
Cox's Find is one of several copper prospects located within the 'J-shaped' fold between the Bellbird and Marshall-Reward resources at the Jervois Project in the Northern Territory (Figure 2). Resource extension drilling commenced at Jervois in September 2013 and has primarily targeted Marshall- Reward and Bellbird, however, small drill programs were completed at the Cox's Find, Green Parrot and Rock face prospects. The drilling was designed to in-fill and extend previous drilling to support maiden resource estimates that are scheduled for release in September.
Cox's Find has been mined on a small scale with shallow workings following the line of copper occurrences in a ferruginous ridge. Previous drilling identified two parallel mineralised zones that are coincident with SAM conductors (Figure 1). The SAM conductors extend at least 200m to the northeast and have been poorly tested by previous drilling. Following geological mapping it is interpreted that the Cox's Find and Rockface prospects are located on a mineralised trend that extends from Bellbird to Reward, a distance of 5.5km.
Simon Milroy the managing director of KGL Resources comments "These results are building our confidence in the continuity of mineralisation throughout the mine sequence from our northern tenement boundary around the "J shaped" outcrop to north of Bellbird North. This makes the area between the southern end of Green Parrot and Cox's Find, that is largely under cover and effectively untested, especially interesting."
To view figures and diagrams, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-KGL-409883.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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