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- Killi Resources (KLI) has been granted the Mt Rawdon West copper-gold exploration tenement located 60 kilometres from Bundaberg in Queensland after receiving government approval
- The tenement covers 309 square kilometres of “prospective” ground north of the Mt Rawdon gold mine owned by Evolution Mining (EVN) and east of the Mt Perry gold project owned by SolGold
- Killi says geochemical and structural targets have already been identified for Mt Rawdon West and are ready to drill test, including an interpreted extension of the Nicko’s Reward porphyry granodiorite structure into the company’s tenure
- Previous notable intercepts from drilling at the Nicko’s Reward prospect on the western margin of Mt Rawdon West but within SolGold’s Mt Perry project area include 56 metres at one gram per tonne gold from surface
- KLI shares down 5.71 per cent to 33 cents
Killi Resources (KLI) has been granted the Mt Rawdon West copper-gold exploration tenement located 60 kilometres from Bundaberg in Queensland after receiving government approval.
The tenement spans 309 square kilometres of “prospective” ground north of the Mt Rawdon gold mine owned by Evolution Mining (EVN) and east of the Mt Perry gold project owned by SolGold.
Killi said geochemical and structural targets were already identified and ready to be drill tested, with an interpreted extension of the Nicko’s Reward porphyry granodiorite structure into the company’s tenure a priority target.
Previous notable assay results from drilling at the Nicko’s Reward prospect within SolGold’s Mt Perry project were 56 metres grading one gram per tonne gold from surface including four metres at 4.82 g/t from eight metres and 26 metres at 1.41 g/t from surface.
Killi plans to undertake field work programs at the Mt Rawdon West project in the near term in the form of rock chip geochemical sampling and surface mapping, leading into a 5,000-metre aircore drill program to test two previously identified Baloo and Wonbah prospects.
An airborne electromagnetic geophysical survey has also been proposed.
CEO Kathryn Cutler said Mt Rawdon West added “considerable value” to the company’s exploration portfolio.
“The project is located in a prime position within the historical Mt Perry goldfield, with the exploration team itching to get out and drill test the two gold-copper targets at Baloo and Wonbah,” she said.
“In the meantime, we will be increasing our geological understanding of the project area with field mapping, geochemical sampling and an AEM geophysical survey.”
KLI shares were down 5.71 per cent to 33 cents at 3:23 pm AEST.
