The Maitland copper deposit was acquired in 2008 from Glengarry Resources Ltd, and is located approximately 50 kilometres from Kagara?s Balcooma mining operations. The Project includes an Indicated and Inferred copper-molybdenum resource of 1.49 million tonnes grading 1.5% copper.
The deposit has excellent depth potential and is expected to support a significant underground operation which will supplement production from the Balcooma copper mine.
The area has only been lightly drilled, with best intersections including 30 metres at 3.9% copper and 38 metres at 2.1% copper (including 12 metres at 6.7% copper). It also contains high grade molybdenum which is associated with the copper mineralisation and is open down plunge and appears to increase in thickness at depth.
KZL Price at posting:
83.0¢ Sentiment: Buy Disclosure: Held
