Killi Resources Limited (ASX:KLI) is mobilising drill rigs to the West Tanami Project in Western Australia for the company’s maiden drill programme.
Both the Diamond and the AC/RC drill rigs are mobilising to the West Tanami Project to complete circa 10,000m of AC/RC and circa 800-1000m of diamond core respectively.
The aircore drilling will focus on the high priority gold and rare earth element hydrothermal targets generated at the northern end of the tenement package from recent exploration work and historical data.
While conducting surface mapping at the Raven prospect, additional areas thought to be under alluvial cover, are in fact outcropping at surface which is a very prospective development for the Company.
Geologists were able to identify sediments of the Killi Killi Formation with iron-enrichment and multiple generations of quartz vein sets.
Surface mapping has never been completed over this area, and only a handful of rock chip samples ever taken, in the early 2000’s which returned values of 2.48g/t Au & 1.24g/t Au.
The company plans to sample the quartz veins and sediments across the prospect to add to the geological model of the project and provide additional information which will assist with the interpretation of the drill results from the AC/RC drill program, due to commence this month.
We’ve been working hard over the last few months to get on the ground and start our drilling campaign for the year which represents a very exciting time for our shareholders,” CEO, Kathryn Cutler, said.
“Drill rigs are now mobilising to site, to complete the first RC and Diamond holes on the project. While preparing, we have been able to complete surface mapping over the drill area and have identified quartz veins at surface which is exciting to see as we know gold is associated with quartz veins in this district. We look forward to getting the rods spinning soon and unlocking the potential of the project.”
AC/RC drilling is designed to test both gold and rare earth exploration targets across the project in the north and in both instances will be the first deep holes across the project. Historical drilling over these targets has averaged 8 – 10m depth and has not effectively tested the mineralisation potential for either gold or rare earth element hydrothermal systems.
The company plans to test the prospective structures to a depth of approximately 100m in areas of structural complexity. The diamond drillhole planned will be the first diamond hole completed by the company on the project to test the theory of a ‘Callie’-style gold system on the West Tanami Project.
The company was successful in the most recent round of Exploration Incentive Scheme funding with the Western Australian Geological survey which will contribute up to $150,000 towards the drill hole.