Killi Resources Limited (ASX: KLI) has observed early promise in its current field work at the highly prospective 100% owned Mt Rawdon West Project in Queensland where activities are underway at the Kaa and Baloo gold-copper exploration targets.
The maiden drill campaign is progressing well at Kaa, with two diamond drill holes for a total 493m completed. The first two drill holes tested the large chargeable anomaly determined from the IP survey, on Line 4000N, and beneath the historical Wonbah Copper Mine.
The drill rig is currently completing the third hole at the target, beneath the 238g/t Au, 2.1% Cu, and 513g/t Ag rock chip sample.
An Induced Polarisation (IP) geophysical survey has commenced at the Baloo target, to determine drill targets beneath the 2.5km x 1.8km Cu-Au-Mo geochemical anomaly.
“It’s a very exciting time for the company at the moment, being few weeks into the maiden Kaa diamond drill campaign, and now with the IP Survey starting at Baloo. This is an outstanding project and we are ramping up our exploration efforts across the wider project,” CEO, Kathryn Cutler, said.
“Our recently completed capital raising ensures we are well-funded to fully explore the 1.8km gold-copper trend at Kaa, including extending the drilling in the event of good results, as well as continue exploration at Baloo and ensure our exploration pipeline remains full.
“We’ve identified a significant geochemical epithermal-porphyry target at Baloo, and knowing what we do about Kaa, we are excited to commence the IP Survey at Baloo.”
