Announcement Date: 2022-06-27
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: King River Resources Ltd.
Project name: Tennant Creek
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 7m @ 6.35g/t Au from 25m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: King River Resources Ltd (ASX:KRR) is pleased to announce the return of high grade drill results from its recently completed drill programme in the Tennant Creek Gold Project (34 holes completed at Kurundi tenement and 3 holes completed at Tennant Creek tenement). Kurundi – EL32200: 34 RC holes for 1,223m have been drilled at high grade gold prospect ‘Kurundi’ Main where previously announced (KRR ASX 5/3/21) rock chip grab samples returned multiple +10g/t Au results up to 17.25g/t Au along a 2km trend that had never been drilled. Drilling intersected a 1-5m quartz vein within a broader shear structure. Priority samples selected from visually mineralized intervals in 14 holes have returned high grade gold assay results with best results including (remaining samples and multi element results are pending) Best results so far were from around the main workings, with one hole intersecting underground workings at 9m depth. At present the vein is open to the north, south and at depth of the main workings area with the deepest hole at the main working area (TTRC39) intersecting mineralization, very strong veining (4m) and structure (Figure above). Also, TTRC029, 200m south of the main workings, intersected very strong veining (+7m) and malachite/azurite.
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