Killi Resources (ASX: KLI) has identified further copper-gold potential at Baloo and Kaa prospects inresults of recent internal and external technical reviews of the Mt Rawdon West Project in Queensland.
Using technology developed by the Centre for Exploration Targeting (CET), multiple blind intrusives have been identified confirming the target areas have seen multiple generations of potentially mineralised magma pulses. These blind intrusives, identified during this process, align with the current surface copper-gold-molybdenum anomalies.
Soil data was further evaluated, where dominant elements and metals were determined for each soil sampling point, a process which determines dominant metals in zones and is useful for magma controlled mineral systems.
This process identified two distinct copper-gold-molybdenum zonations at Baloo and Kaa. Element ratios were also completed for Cu/Zn, Sr/Y, and V/Sc, which indicates both targets bear the markings of a fertile and hydrous porphyry system.
“This evaluation confirms a fertile porphyry system at the Mt Rawdon West Project. Pathfinder elements and metal distribution are in abundance, indicating we are potentially looking at a large-scale copper-gold porphyry system,” CEO, Kathryn Cutler, said.
“The geology, geophysics and geochemistry has fallen into place to determine a strong copper- gold porphyry target at Baloo and Kaa, which remain completely untested.
“The company strongly believes in this project and its ability to deliver a new discovery. We are excited to get back out on the ground at Baloo and Kaa, and we look forward to testing the targets at the first opportunity.”
Killi wholly owns a belt-scale land holding within the well-renown Mt Rawdon gold and copper mining district, controlling a 300km2 tenement package, 10km’s along strike from the 2Moz Mt Rawdon Gold Mine.
Two additional targets were identified along the Mt Rawdon Fault, between the Kaa and Baloo targets, from the CET porphyry tool. The targets run parallel and perpendicular to the Mt Rawdon fault and have a lower target priority. These targets will require ground-truthing and mapping.
An additional 1.8km anomaly has also been determined south-west of Baloo and is interpreted as an offset of the original Baloo anomaly which has been cross-cut by a north-south fault.
Understanding the timing of the structures is important at the project, and indicates that the three copper-gold anomalies, may have once been from a single source, stretching 7km x 2.5km.
The company has worked through the projects in the portfolio to further develop avenues for opportunity, with the focus remaining on a new copper and/or gold discovery in Queensland.
The short-term exploration strategy will continue to focus on the Baloo and Kaa targets already identified and reported, as a priority at the Mt Rawdon West Project, exploring for a new copper-gold porphyry system.
Field Exploration is planned to recommence in the coming quarter, with further reconnaissance, mapping and soil sampling, as well as a ground IP geophysical survey at the Baloo and Kaa targets.
