KGL Resources Ltd (ASX:KGL) has notched up high-grade copper hits in final assay results from resource development drilling at Bellbird deposit within the Jervois Project in Australia's Northern Territory.
The assays are from 26 drill holes of which 25 holes have reportable copper mineralisation with notable intersections including:
- 3.85 metres at 3.74% copper, 19.9 g/t silver, 0.58 g/t gold from 80 metres downhole;
- 5.45 metres at 3.62% copper, 15.8 g/t silver, 0.15 g/t gold from 59.85 metres downhole, including 2.22 metres at 8.08% copper, 32.6 g/t silver, 0.30 g/t gold from 65.10 metres downhole;
- 4.46 metres at 4.68% copper, 38.3 g/t silver, 0.12 g/t gold from 64 metres downhole; and
- 5.30 metres at 3.66% copper, 29.1 g/t silver, 0.29 g/t gold from 128.26 metres downhole.
Importantly, the Bellbird assays broadly confirm the existing mineral resource model and will result in refinements to the geological interpretations.
“Excellent copper grades”
KGL managing director Simon Finnis said: “Following on from the Reward resource development drilling results, this set of consistent intersections from Bellbird is very encouraging, especially the excellent copper grades from the open-pit resource area.
“The company has engaged skilled and reputable geological consultants, Mining Associates Pty Ltd to undertake a revision of the Reward and Bellbird mineral resource estimate.
“This work is already underway and will take approximately six weeks to complete.”
Longitudinal projection of the Bellbird Deposit Main Lode mineral resource block model.
Rockface deposit
Finnis adds: “In the meantime, our two diamond drill rigs are busy at Rockface, each operating at either end of the deposit, to better define the strike and depth extent.
“Rockface, and indeed the other deposits, are open at depth, however, it is the company’s intention to cost-effectively explore the very deep potential at Jervois, by drilling from underground once the mine is in operation.
“The downhole electromagnetics survey (DHEM) was nearing end of the scheduled survey but has been extended to enable DHEM follow-up of the high-grade intersection at Rockface, and of other recent exploratory holes.”
Forward plan
KGL has begun work on an updated mineral resource model for Reward and Bellbird deposits for which the company has engaged experienced independent consultants Mining Associates Pty Ltd.
The drilling is focused on finalising the Rockface resource definition program with both drill rigs at resource development holes at the high-grade Rockface deposit.