|Drilling at KGL Resources’ Jervois Copper-Silver-Gold Project in the Northern Territory.|
KGL Resources has recorded a series of high-grade silver, gold and copper hits in recent months from drilling at the Jervois Copper-Silver-Gold Project in the Northern Territory. In late November the company received results from infill drilling at the Reward prospect which included the highest ever silver grade of 2350 grams/tonne while there were also high gold and copper grades in the zone between Marshall and Reward prospects.
The strong silver grade from the reverse circulation hole eclipsed the previous highest of 1650 grams/tonne at the Green Parrot prospect.
Best results from the hole are 4 metres from 9 metres @ 3.24% copper, 0.83% lead, 1.17% zinc, 66 grams/tonne silver and 0.36 grams/tonne gold; and 9 metres from 14 metres @ 0.59% copper, 3.6% lead, 0.54% zinc, 419.7 grams/tonne silver and 0.5 grams/tonne gold, including 1 metre from 19 metres @ 2.71% copper, 15.7% lead, 0.28% zinc, 2350 grams/tonne silver and 2.01 grams/tonne gold.
Another RC hole at Reward intersected high copper, silver and gold grades over a broad interval with an exceptionally high grade gold zone in the foot wall of the mineralization. Best result was 28 metres from 2 metres @ 1.55% copper, 0.14% lead, 0.13% zinc, 37.8 grams/tonne silver and 2.49 grams/tonne gold, including 2 metres from 28 metres @ 2.24% copper, 0.15% lead, 0.13% zinc, 24.2 grams/tonne silver and 27.85 grams/tonne gold.
Another RC hole drilled at the southern end of Reward intersected good copper, silver and gold grades with best results of 36 metres from 93 metres @ 2.08% copper, 0.15% lead, 0.36% zinc, 37.4 grams/tonne silver and 0.9 grams/tonne gold, and 13 metres from 141 metres @ 1.54% copper, 13.4 grams/tonne silver and 0.66 grams/tonne gold.
At the northern end of Green Parrot an RC hole intersected further shallow mineralization with the best result of 19 metres from 7 metres @ 0.9% copper, 0.52% lead, 0.66% zinc, 67 grams/tonne silver and 0.08 grams/tonne gold.
KGL says the broad zones intersected at Reward are encouraging and suggest gold mineralization is more widespread than initially thought. Many of the old drill holes at Jervois drilled by previous companies were not assayed for gold. KGL has consistently assayed for gold as part of the standard assay suite and reported the first gold resource for Jervois in 2011. The size of the gold resource has steadily increased as drilling has progressed.
KGL’s managing director Simon Milroy says, “These additional results from the resource definition program, and in particular the gold intersections, are particularly pleasing because they are from within the newly optimized pit shell at Reward and will further improve the mining economics.”