Drill results from Killi Resources Ltd’s (ASX:KLI) first campaign at its Mt Rawdon West project in Queensland have revealed a large mineralised system at the Kaa prospect, including gold-silver and copper mineralisation in veins and shears over a 1.8km trend.
Six diamond drill holes – for 1,402 metres – were drilled at Kaa, along the prospect’s 1.8 kilometre gold, copper-silver trend, focusing on IP targets underneath historical workings found along this trend.
Quartz-carbonate veining was intersected in all six holes, with this occurring within broad zones, of intense potassic, silica and sericite alteration up to 150m wide within the granodiorite.
The strongest results from the Mt Rawdon West drill campaign included 9.35 grams per tonne (g/t) gold, 95.1g/t silver, and 3.7% copper.
Killi is enthused in particular by the intensity and width of the alteration, which suggests the large movement of hydrothermal fluids, and often acts as an indicator of proximity to an
epithermal copper-gold system.
Adding to this, porphyry and andesite units intersected within the host granodiorite are associated with major structures and faults.
At 11:26 AEDT, Killi was trading at 5.2 cents – a fall of 10.34% since the market opened.
Join the discussion: See what HotCopper users are saying about Killi and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
