- KGL Resources (KGL) has further extended the Rockface deposit within its Jervois Base Metal Project in the Northern Territory
- The business recently intersected massive sulphides containing significant copper minerals and follow up drilling has extended the discovery at depth
- KGL is awaiting assays from the three drill cores, but it believes the deposit remains open at depth and down plunge
- Company shares are trading down 1.59 per cent at 62 cents per share
KGL Resources (KGL) has further extended the Rockface deposit within its Jervois Base Metal Project in the Northern Territory.
The business recently intersected massive sulphides containing significant copper minerals during diamond drilling.
KGL hasn’t received assays from the drill hole, due to delays at the lab, but crews at the site carried out Downhole Electromagnetic (DHEM) surveying and intersected a highly conductive zone to the east.
Based on this information, a second daughter drill hole was carried out with narrow
copper-bearing massive sulphides intersected.
Again DHEM surveying was carried out on the hole and KGL decided to drill a third diamond drill hole, which intersected copper-bearing massive sulphide mineralisation 32 metres down plunge from the original intersection.
Assays are now pending on the new drill cores and Managing Director Simon Finnis said it appeared the deposit remained open at depth and down plunge.
“The results showing massive sulphides from the two most recent holes on the western side of Rockface, indicate considerable scale of the zone of massive sulphides previously intersected,” Mr Finnis said.
“The DHEM reinforces the drilling results by modelling highly conductive zones which are
interpreted to be extensions of the overall Rockface North deposit.”
Once drilling has wrapped up at Rockface, the company intends to begin drilling the Reward structure at Jervois.
KGL Resources shares are trading down 1.59 per cent at 62 cents per share at the close of market on Thursday.