The Pick News

Killi's maiden drill results indicate large epithermal at Kaa

Written by Colin Hay | Dec 4, 2024 1:54:04 AM

Killi Resource) (ASX: KLI) has obtained promising final drill results from the first six drill holes completed at the Kaa prospect to date during the first ever drill campaign at the 100% owned Mt Rawdon West Project in Queensland. Drill assays and drill core observations indicate the presence of coarse gold, mineralisation at Kaa.
The maximum values returned from the campaign include 9.35g/t Au, 95.1g/t Ag, and 3.7% Cu.
Mineralisation is associated with veins and shears within a strongly altered granodiorite host. Repeat assays have returned higher gold values than originally reported, indicating nuggety gold within quartz veins, consistent with epithermal and high-grade gold systems.
 “These first results are pretty exciting as they indicate we are in a mineralised system, with the next objective to vector towards the wider zones of mineralisation in the core of the system,” CEO, Kathryn Cutler, said.
“Gold-copper-silver values are similar to what was returned in assay at surface, showing good continuity of the mineralised structure over at least 1.8km.
“The company will continue to interrogate the data obtained from the drilling and incorporate into the next phase of exploration at the Project.”
Kaa Drilling Results
Killi has completed six diamond drill holes for 1,402m for the first drill holes ever along the 1.8km gold- copper-silver trend at the Kaa prospect, and the wider the Mt Rawdon West Project where the company is exploring for a new copper-gold mineral system in Queensland.
Drill holes completed were designed to test IP targets beneath historical workings along the mineralised trend in the first instance.
All six holes intersected quartz-carbonate veining within broad zones, of intense potassic, silica and sericite alteration up to 150m wide within the granodiorite. The intensity and width of alteration is very encouraging as it indicates significant movement of hydrothermal fluids and is often an indicator of proximity to an epithermal copper-gold system.
Porphyry and andesite units intersected within the host granodiorite are associated with major structures and faults.
Veins intercepted, align with veins at surface and historical workings, which on average returned 5-6g/t Au, 30-100g/t Ag and 1-2% Cu along the 200m wide and 1.8km long trend. As these are the first holes at the project, the optimal hole location and drill direction is yet to be determined.
The width of veins and sulphide content within the veins increases with proximity to the main trend and towards the south-eastern end of the trend, providing the first vector point to use for future targeting to assist in unlocking the potential of Kaa as a new mineral system.