King River Copper (ASX:KRC) will next week commence a key three hole diamond drilling program of the Chapman outcrops at its Speewah Dome project located on the fringe of the Eastern Kimberley in Western Australia.
The diamond drill cores from the first three holes at Chapman Hills will be sent for assaying early July.
A 10 metre intersection of quartz sulphide veins supports the presence of a mineralised north-south structure thought to control the high grade copper-gold-silver mineralisation found in surface rock chip sampling.
The project is located in one of the least populated, least explored regions of Australia but could prove to hold mineral riches.
The exploration in the first two weeks of June has exclusively been at the Chapman Hills location.
This is where King River was targeting a three way point of intersection below sandstones, of the Chapman structure, the target (felsic granophyre) horizon, and the recently identified north‐south shear zone.
However, the Chapman outcrop will likely hold the most promise given recent work and the promise from some stunning copper rock chips as well as gold and silver that were found.
So the diamond drilling will test the undrilled main mineralised outcrop where these best assays of 39% copper, 335 g/t silver and 3.96 g/t gold were returned.
Hi Impact Program
The recent placement will see a phase 1 exploration program of five to six weeks drilling of seven different high order targets.
All core will be stored on site and transported to Perth in early July and cut and assayed for results back by mid July.
The outcomes of the current Phase 1 drilling will determine the scope of Phase 2 exploration in August, September and October.
Chapman Hills in detail
Three diamond core holes were completed.
The first hole (KCHD01) was designed to identify the depth of the shale/granophyre contact on the eastern side of a prominent north-south trending shear zone.
This contact is considered to be the most prospective zone for copper-gold-silver mineralisation, and has been the site where previously reported surface samples have reported high copper, gold and silver values.
The second hole (KCHD02) was designed to determine the dip angle of the shear zone. This north-south trending structure also appears to have an important control on mineralisation, with previously reported high copper, gold and silver surface samples located along this trend to the south.
The third hole (KCHD03) was then designed to intercept near a three way intersection of the shale/granophyre contact, a north east trending quartz vein and the north-south shear zone.
The northeast trending quartz vein is interpreted to be the extension of quartz veins intersected at Chapman Flats to the west, which reported anomalous gold, silver, copper, lead, antimony and arsenic mineralisation on 4 December 2013.
Exploration is stepping up a notch with diamond drilling kicking off next week at the key Chapman outcrops as the company seeks to gain a line through the 2013/14 significant finds which were found in outcrop.
King River is an unusual company, controlling 100% exploration rights over a unique 780sq. km. geological feature. So it is highly leveraged to any exploration success.
With drilling and assays in June and July, there is plenty of news flow ahead.
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