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  • KGL Resources' Shares Rally On High Grade Copper Results 0 comments
    Jul 22, 2014 9:17 PM

    KGL Resources' (ASX:KGL) shares are a three-bagger this month, with the stock soaring to $0.315 by the close yesterday, with the stock trading under $0.10 during the first week of July.

    Driving the share price has been a string of impressive drilling results from the high-grade copper from the Jervois project in the Northern Territory.

    Yesterday Bellbird delivered: 13 metres at 5.75% copper, 23.2g/t silver, 0.32g/t gold from 20 metres, including 3 metres at 11.55% copper, 55.7g/t silver, 0.52g/t gold.

    Last week Green Parrot results: 18 metres at 4.92% copper, 1.54% lead, 0.75% zinc, 240.5g/t silver, 0.14g/t gold from 10 metres, including 2 metres at 31.5% copper, 5.96% lead, 1.77% zinc, 1,240g/t silver, 0.07g/t gold.

    The near-surface results suggest the prospects of being amenable to open pit mining are good.

    Results to come

    There are still assays from around 60 holes pending.


    KGL remains well-funded with $14.8 million in cash at the end of June 2014.

    Key catalysts in the near term following on from the final exploration results include a resource upgrade expected in August with a PFS in September.

    Simon Milroy will present at the Melbourne Investor Luncheon on Tuesday 12th August. REGISTER TODAY FOR FREE.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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