Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

King River Copper has drill bit spinning as it seeks to add to Mt Remarkable gold bounty

Drilling has traced the main quartz adularia zone along a westerly plunge and identified a possible new deeper zone.
Drill rig at Mt Remarkable
Ongoing drilling at Mt Remarkable will also target the Gemma vein

King River Copper Ltd (ASX:KRC) has the drill bit spinning as it targets further high-grade gold at the Trudi prospect within the Mt Remarkable project in Western Australia.

The first 900 metres of a closed-spaced grid drilling program has been completed with 600 drill samples sent to the laboratory.

So far, the program has traced the main quartz adularia zone along a westerly plunge, which remains open at depth, and identified a possible new deeper zone to the east.

READ: King River Copper benefits from diversified precious metal and industrial metal exposure

Drilling is focused on the Trudi vein where last year’s best result of 11 metres at 27.9 g/t gold was returned.

A cross-section of the Trudi high-grade area targeting a possible new shoot at depth.

The aim is to test and delineate the trend of this high-grade intersection and test the extent of another high-grade shoot to the east, as well as identify any other nearby shoots.

It will also provide insight into mineralisation controls and assist with targeting high-grade mineralisation on this and other veins.

Drilling is ongoing

Once the grid at 5-metre spacing has been completed, drilling will continue to follow the high-grade trends at depth.

Results from the samples sent to a laboratory in Perth are due within the next 14 days.

King River’s 100%-owned Mt Remarkable project is 200 kilometres southwest of Kununurra in the East Kimberley region.

READ: King River Copper starts drilling at the Mt Remarkable gold discovery

Previous results extended the Trudi vein system to a potential strike length of nearly 1 kilometre with mineralised intersections obtained 600 metres to the east and 100 metres west of the historical drilling.

As well as following up the close-spaced drilling at Trudi with extensional drilling of high-grade zones and exploration for other high-grade zones, King River plans further work.

This includes close-spaced drilling at Gemma vein where 2017 drilling returned high-grade gold in excess of 5 g/t adjacent to areas of structural complexity with large vein widths.

Exploration drilling planned

Exploration drilling is planned to test the 600 metres of undrilled strike east of the main Trudi deposit with 4 metres at 0.95 g/t, including 1 metre at 3.36 g/t intersected 600 metres from previous drilling.

King River's projects in the north of Western Australia.

The ongoing program also includes exploration drilling of other Mt Remarkable veins including the newly discovered southern veins.

Four diamond drill holes are planned to provide structural information in the high-grade zones at Trudi, subject to rig availability.

King River’s two-month schedule also includes pre-collars for deep diamond holes at Chapmans gold prospect of the Speewah project and drilling for copper-gold at Speewah’s Windsor prospect.

View full KRC profile View Profile

King River Copper Ltd Timeline

Related Articles

Picture of gold bar
March 21 2018
Dandoko is in the Kenieba inlier where more than 50-million ounces of gold have been discovered.
Picture of timetable for Wolfsberg project
March 12 2018
Chairman Tony Sage says the key number in the prefeasibility study will be the net present value.
1526557114_W-Resources---pouring-concrete-at-La-Parrilla.jpg
May 17 2018
W Resources is building a strong position in tungsten

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use