Killi Resources (ASX: KLI) has identified dew discrete chargeable targets identified from the results of a ground geophysical survey (IP) at the 100% owned Mt Rawdon West Project.
Significant chargeability anomalies have been identified from the pole-dipole IP survey where five lines were completed at the Kaa Prospect.
IP line 3600N was completed sub-parallel to the 1.8km long high-grade copper-gold trend recently determined at surface, with assays returning up to 238g/t Au, 5.4% Cu, and 907g/t Ag.
Multiple IP anomalies were determined along this section and coincide with known surface copper-gold mineralisation from old workings of the historical Wonbah Copper Mines and rock chip assays.
IP line 4000N was completed parallel to the 1.8km trend, 400m to the north-east which has limited outcrop. The results of the line identified a 1,000m x 400m chargeable anomaly which extends from just beneath the surface to 300m depth and remains open. The anomaly has not been recognised previously as it is located beneath alluvial cover, along strike from the gold in soil anomaly recently reported.
Geophysical results are interpreted by geophysical consultants to be consistent with a sulphide source, potentially representing copper-gold mineralisation, and represent high priority targets for drill testing in the upcoming maiden drill campaign.
“We are excited by these results from the IP Survey, as the technique clearly works to identify sulphide units beneath the surface. With no existing drilling at this target, its vital we obtain all information available to us in order to ensure our maiden drill campaign is successful,” Executive Officer, Kathryn Cutler, said.
“At surface we have been seeing visible copper mineralisation in the form of azurite, malachite and chalcopyrite. Mapping saw us understand the region has seen significant structural deformation, and the gossans and veins at surface returned high-grade assays, of 238g/t Au and 5.2% Cu, which is not a common occurrence in outcrop. You normally have to drill a hole to hit a high-grade result like this.
“These geophysical results in combination with our geochemical dataset and surface mapping provide exceptional targets for the Company to drill test, and we could not be more excited to get out there and complete the drill campaign in light of these results.”
Next Steps
A diamond drill campaign of 1,000m will commence in the coming weeks to drill test the targets identified from the IP survey, and beneath the high-grade copper and gold surface results. Targets are shallow, with diamond drilling planned from surface to ensure all possible information is acquired.
The company completed a capital raising in July, corner stoned by Gold Fields, in order to complete the exploration drilling on this project. With a current cash position ~$1.9M the company is well placed to complete the drill campaign in the next few months.
