logo-loader

King River Copper to start new drilling program this week at Mt Remarkable Gold Project

Published: 06:53 30 Apr 2018 BST

Drill rig at King River Copper project
A previous hole in this area returned 11 metres at 27.9 g/t gold

King River Copper Ltd (ASX:KRC) will start appraisal drilling this week at the Mt Remarkable Gold Project in Western Australia.

A drill rig mechanical issue has caused a slight delay to the work, which is now expected to begin on or about May 4.

READ: King River Copper pegs new ground prospective for gold around Mt Remarkable

The company has designed a drilling pattern of close-spaced holes to test the vertical extent of intercepts at the Trudi vein.

A scissor hole previously intersected 11 metres at 27.9 g/t gold.

Down hole surveys completed

King River completed down hole surveys of previous high-grade intersections last week to better constrain the location of the gold mineralisation.

Drilling in 2017 extended the main Trudi vein system to a potential strike length of nearly 1 kilometre.

Mineralised intersections were obtained 600 metres to the east and 100 metres to the west of the original historical drilling.

Numerous exploration holes will be drilled along that structure in the next six weeks.

READ: King River Copper secures a minimum $6 million from upcoming option exercises

The company recently applied for three large exploration licences measuring more than 1,500 square kilometres around the Mt Remarkable project in the East Kimberley region.

This decision was triggered by the high-grade discovery at the Trudi vein along with further knowledge gained in recent months by detailed analysis of historical work.

Oriole Resources outlines 2023 achievements and future exploration plans

Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects,...

55 minutes ago