Announcement Date: 2022-09-27
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. 12.38m at 2.6% Cu, 23.8g/t Ag, 0.34g/t Au from 978.26m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: KGL Resources (ASX:KGL) is pleased to announce results from hole KJCD556 which was drilled to test the down-dip continuation of the high-grade Rockface deposit as defined by previous down-hole electromagnetics (DHEM) modelling and drilling. The Rockface deposit is the highest-grade deposit at Jervois with an average grade of 3.07% Cu and represents 22% of the current total Mineral Resource Estimate. KGL has pursued a methodical approach to exploration at the Rockface deposit of drilling and DHEM since the first high-grade broad interval of copper was discovered in hole KJCD171 back in 2015. The subsequent DHEM survey uncovered two DHEM conductors below KJCD171. The next few years repeated the process of drilling conductors followed by further DHEM surveys on each hole very successfully, as we have continued to follow the deposit down. The attached long section in Figure 1. demonstrates the reliability of DHEM, comparing the locations of conductors against the potential mine plan.
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