Killi Resources (ASX:KLI) completes REE drilling at West Tanami, moves to gold exploration

• Killi Resources (KLI) wraps up the first round of drilling for rare earth elements at its West Tanami project in Western Australia
• Aircore and reverse circulation drilling across a greenfields area at the Trickster and Deva prospects has returned favourable geology consistent with Killi’s targeted mineralisation
• Assays are pending for the drilling, as well as rock chip and soil samples taken from the area, and KLI says it expects the results in the coming months
• Now, the company has begun a maiden 8000-metre drilling program for gold exploration to test extensions to known mineralisation as well as greenfields gold
• Company shares last traded at 21 cents on August 26

Killi Resources (KLI) has wrapped up the first round of drilling for rare earth elements at its West Tanami project in Western Australia.

Aircore and reverse circulation drilling across the Trickster and Deva prospects targeted potential hydrothermal rare earth mineralisation.

The aircore drilling was completed on two targets to the north, with two first-pass lines drilled across a structure trending through both prospects, interpreted from airborne magnetic data and radiometric anomalies.

No previous drilling had been completed in this area, and while assays are pending, Killi said the lines had returned favourable geology consistent with the style of mineralisation that it was targeting.

Killi completed reverse circulation drilling to further test aircore holes that intercepted favourable geology to provide a sufficient sample for further analysis work.

All samples from the drilling work have been submitted for assaying, with results expected within the next two months.

Killi CEO Kathryn Cutler said the area was very much a greenfields target, and given the geology seen so far, the company was “very excited” to see what the assays yielded.

The company collected around 100 rock chip samples during a REE geochemical program over outcropping units at the Trickster, Deva and Bannock prospects.

Soil sampling was also carried out at Bannock, which is 3.5 kilometres along strike from known rare earth mineralisation.

Samples from this work have also been submitted to a lab, with Killi anticipating the results in the coming months.

Meanwhile, an airborne magnetic and radiometric survey is now underway at the project to cover 1000 square kilometres of the Tanami Fault system, which Killi said had never been flown before.

Data from the survey will help the company to better understand the gold and rare earth mineralisation at the project and better inform targeting.

Maiden drilling for gold exploration is also underway, with 8000 metres of drilling planned to test extensions to the known mineralisation and greenfields gold.

Killi Resources shares last traded at 21 cents on August 26.