Interesting comments on KZL's web page, indicating development at King Vol will commence within 12 months. This indicates they are makinig plans to bring Munguna online.
"The King Vol deposit is located in the northern portion of Kagaras North Queensland landholding, within the highly prospective Chillagoe region.
The deposit has a current Ore Reserve of 1.3 million tonnes grading 11.2% zinc and 0.7% copper, and an additional resource of 2.0 million tonnes grading 14.0% zinc and 0.8% copper. The deposit remains open at depth, with significant potential to expand Kagaras resource inventory in the Chillagoe region.
Kagara will shortly commence a program of drilling aimed at upgrading the Inferred Resource to Indicated status. Of particular note was a hole drilled prior to the cessation of exploration which returned an intersection of 20.80 metres grading 9.2% zinc and 0.5% copper, including 6.98 metres grading 17.3% zinc and 0.7% copper. This confirmed the continuity of mineralisation within the Inferred component of the King Vol ore body, and opened up potential for extensions along strike.
The Company is currently awaiting approval to commence site development works at King Vol, with work expected to commence within the next 12 months"
king vol development?
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