Killi Resources Limited (ASX: KLI) has made a significant discovery at its Mt Rawdon West Project in Queensland, unearthing a high-grade gold-copper structure at the Kaa target.
Surface assays have confirmed a new epithermal gold system, with rock chip samples delivering impressive results, including 238 grams per tonne (g/t) of gold and 5.4% copper. The mineralisation currently extends over a distance of 1.8 kilometres and remains open along the strike, suggesting further potential for expansion.
Kathryn Cutler, CEO of Killi Resources, described the find as extraordinary, noting the rarity of encountering such high-grade gold in surface outcrops. “It’s not every day you can walk up to an outcrop and have it return nearly 8 ounces of gold in assay. These high-grade results, coupled with other strongly anomalous gold and copper assays, extend the system considerably,” she said.
The assays from rock chip samples have returned exceptional results:
The discovery has extended the known mineralised trend, revealing high-grade gold-copper-silver mineralisation associated with pathfinder elements like antimony, bismuth, mercury, and tellurium. This previously unrecognised epithermal system provides a strong foundation for Killi Resources to push forward with its exploration programs.
Preliminary petrology on samples from the old copper workings at Kaa indicates a multi-phase intrusive system with significant sericite and silica alteration. Currently, Killi is conducting an Induced Polarisation (IP) survey to develop a 3D geophysical model and identify sulphides beneath the surface mineralisation. The results of this survey, along with ongoing surface mapping, will be crucial in determining the drill targets for the forthcoming maiden drill campaign at Kaa.
With no drilling completed to date, the Kaa prospect is still at an early stage. However, the promising initial results have positioned Killi Resources as a company to watch, with its aggressive exploration efforts likely to yield further significant findings.
In response to the announcement, Killi Resources Limited has seen a significant increase in its share price today, reflecting the market's positive reception to the high-grade gold-copper discovery at the Mt Rawdon West Project.