Announcement Date: 2021-12-08
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: KGL Resources Ltd.
Project name: Jervois
Location: Australia
Commodities: Gold,Silver,Copper
Highlight: Drilling results incl. 4.65m @ 20.5% Cu, 302.4g/t Ag, 1.09g/t Au from 698.8m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: KGL Resources (ASX:KGL) is pleased to announce assay results from Rockface diamond drillhole KJCD481D6 (D6), which includes a record assay of 61.4% Cu, within a mineralised zone grading 20.5% Cu over an estimated true width1 of 4.21m. As reported on 10 November, drillhole D6 intersected a zone of high-grade copper mineralisation. The zone included a hanging wall bornite-rich massive sulphide zone (0.84m) and a footwall chalcopyrite-rich massive sulphide zone (1.90m). In a similar manner to KJCD481D3, the massive sulphide zones are separated by weakly mineralized interburden (1.47m). Two additional holes (KJCD481D7 & KJCD481D8) have been completed at Rockface and both of these holes intersected intervals of massive sulphides which extends the up-down plunge extent of the Rockface North massive sulphide shoot to at least 160 metres. KJCD481D7 (D7) intersected massive sulphides dominated by chalcopyrite, with subordinate pyrite over an interval of 1.24 metres, in the Rockface North structural position. The summary visual log of D7 is reported in Table 2 and the annotated photo of the relevant core is shown in Figure 2. KJCD481D8 (D8) was targeted deeper and is one of the deepest holes drilled at Jervois, eventually completed at 937.1 metres after testing the Rockface North and Main lode structural positions. In the core (Figure 3), Rockface North is manifested by a zone of massive sulphides over 0.72 metres, dominated by pyrite but still containing appreciable chalcopyrite.
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