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  • KGL Resources Hits 50.9% Lead And 551g/T Silver At Jervois 0 comments
    Jul 29, 2014 9:02 PM

    KGL Resources (ASX:KGL) continues to deliver high grade results from its extensive drilling program at Jervois copper-silver-gold project in the Northern Territory.

    The latest results from the Reward deposit include high grades of lead mineralisation previously reported that exceeded the assay method limit of 20% lead.

    Final results are:

    - 18 metres at 0.26% copper, 16.39% lead, 0.95% zinc, 279.1g/t silver, 0.13g/t gold from 33 metres; including 6 metres at 0.57% copper, 37.72% lead, 1.92% zinc, 551.5g/t silver, 0.22g/t gold.

    - 5 metres at 0.19% copper, 11.76% lead, 2.11% zinc, 95.4g/t silver, 0.06g/t gold from 21 metres.

    Simon Milroy, managing director, commented: "Jervois continues to deliver with the extent and grades of silver, lead and zinc mineralisation in addition to the copper resources that have been our primary target.

    "Further good intervals of copper mineralisation in extensional drilling will all add to the forthcoming resource update."

    Marshall Reward

    Over at Marshall Reward, extensional drilling continues to intercept significant copper mineralisation including:

    - 35 metres at 1.16% copper, 8g/t silver, 0.15g/t gold from 434 metres; and

    - 19 metres at 1.17% copper, 11.5g/t silver, 0.47g/t gold from 385 metres.

    Analysis

    KGL Resources extensive drilling program at Jervois has now delivered up to 50.9% lead from the Reward deposit.

    This follows intercepts earlier in the month from Bellbird including: 13 metres at 5.75% copper from 20 metres, while the Green Parrot deposit recently delivered 18 metres at 4.92% copper, (including 2 metres at 31.5% copper).

    This all bodes well for the resource upgrade expected in late-August, with a PFS in September.

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

    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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