Kali Metals kicks off phase two drilling at Marble Bar

• Next stage of drilling campaign underway at Marble Bar gold project
• 4,000m program a combination of RC and DD drilling
• Following up encouraging results from phase one program completed in December
• Testing down-dip potential of the near-surface mineralisation

Kali Metals (ASX: KM1) has begun a phase two program at the Marble Bar gold project in Western Australia’s north.

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The 3,500m program consists of RC drilling and approximately 500m of diamond drilling, depending on geological observations as the drilling continues.

MD, Paul Adams, said the drilling is expected to take approximately four to six weeks to complete with final assays to be received three to four weeks after final submissions to the laboratory.

“The phase two drilling program is focused on advancing our understanding of the Marble Bar system by both tightening drill spacing across the key Sherman, Churchill and Tiger prospects and testing for extensions at depth,” he said.

“Infill drilling will reduce spacing from approximately 200m to 40 m to better define the near-surface gold mineralisation identified in phase one, while also targeting down-dip extensions where encouraging high-grade results have already been returned, particularly at Tiger and Sherman.

“With a relatively short turnaround to assays, we look forward to updating shareholders as results are received and as we continue to build scale and define the broader potential of the project.”

In late March Kali received shareholder approval at its general meeting for a completed directors’ participation in a tranche two placement raising approximately $95,000.

In mid-February Kali successfully completed the tranche one placement raising approximately $7 million.

KM1 is up 3.33% to 15.5c. Mkt cap $29.66M.

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