Diamond drilling Confirms High Grades at Jervois
Brisbane, Feb 20, 2015 AEST (ABN Newswire) - KGL Resources (
ASX:KGL) is pleased to announce that diamond drilling at Marshall, Reward, Green Parrot and Bellbird has confirmed shallow, high-grade mineralisation and provided material for further metallurgical test work. Significant results from this program included:
Reward
- 23m @ 1.68% Cu, 21.3g/t Ag, 0.4g/t Au from 29 m and
- 3m @ 3.02% Cu, 0.13% Pb, 0.87% Zn, 26g/t Ag, 0.22g/t Au from 58 m (Hole JMET016)
- 5m @ 1.08% Cu, 18g/t Ag, 0.16g/t Au from 29 m and
- 12m @ 3.47% Cu, 0.36% Zn, 44.4g/t Ag, 0.91g/t Au from 40 m (Hole JMET017)
Marshall
- 8m @ 4.58% Cu, 0.37% Pb, 0.14% Zn, 89g/t Ag, 0.51g/t Au from 20 m (JMET019)
Green Parrot
- 6m @ 1.3% Cu, 0.71% Pb, 0.27% Zn, 104.5g/t Ag, 0.82g/t Au from 14 m and
- 7m @ 2.84% Cu, 2.32% Pb, 0.4% Zn, 158.9g/t Ag, 0.04g/t Au from 22 m (Hole JMET022)
Bellbird
- 12m @ 1.48% Cu, 10.8g/t Ag, 0.13g/t Au from 41 m (Hole JMET20)
- 4m @ 2.73% Cu, 7.5g/t Ag, 0.2g/t Au from 18 m and
- 9m @ 5.57% Cu, 44g/t Ag, 0.19g/t Au from 53 m (Hole JMET21)
On the 14th February Mitchell Services commenced a 9,000m RC drilling program focussed on the Marshall-Reward and Bellbird resources.
During Nov/Dec 2014 a total of ten metallurgical holes were drilled with at least two holes within each of the main deposits to provide material to enable further test work. This test work program that commenced in January, is designed to optimise the recoveries of base and precious metals in the high grade transitional zone. This also includes comminution test work to confirm through put rates of the transitional ore in the crushing and milling circuit in addition to providing important information of the structure and density of the ore.
Simon Milroy, the Managing Director of KGL Resources comments, "We continue to see good grades in base and precious metals in this drilling program. Most of the drilling within the transitional zone has been RC and this diamond drilling provides important validation of the previous drilling."
To view tables and results, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-KGL-419330.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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