Killi Resources Limited (ASX: KLI) has commenced drilling at the Rocky prospect where the company is exploring for intrusive-related gold systems (IRG’s) in the highly prospective Charters Towers-Ravenswood district in Northern Queensland.
Drilling has recommenced at the prospect where the company plans to drill five Reverse Circulation (RC) drillholes and two diamond drill (DD) core tails to test the intrusive targets identified from the processing of geophysical data.
Results from the first five holes suggests the Rocky prospect to be geologically comparable to Ravenswood gold mine mineralisation with gold in quartz veins within a granodiorite.
We are very excited to be back out at Rocky. The drill program mehas been designed from the results of the processing of the VTEM geophysics which has identified two distinct intrusive targets,” CEO, Kathryn Cutler, said.
“The first holes completed last year demonstrate we are within a gold mineralised system. This programme is designed to further test the specific traps for gold mineralisation with the granodiorite.
“The drill programme as commenced, and we look forward to reporting the results in the coming months.”
Rocky Drill Programme
The Rocky prospect is defined within a three sq. km granodiorite complex, with a surface 1.5 sq. km gold anomaly in soils and gold in rock chips at surface.
The company completed the first drill holes ever into the Rocky geochemical target at the end of 2022. These first drillholes returned assays results of 1.0m @ 3.22g/t Au from 105m (RVRC0002), 2.0m @ 1.58g/t Au from 177m (RVRC0005), and 7.0m @ 0.77g/t from 177m (RVRC0003), of gold within quartz veins within a granodiorite.
Subsequent research and understanding of intrusive style-systems in the region suggest Rocky to be geologically comparable to the Ravenswood and Mt Wright gold systems along strike.
Following the RC programme, the data from the VTEM was processed further identifying two potential intrusive targets to the south and the east of the first holes drilled.
The April 2023 drill programme has five RC holes planned and three diamond drill core tails for a total ~1,300m, with drillholes from the previous program to be used as pre-collars for the diamond drill holes.