KGL Resources Fields High-Grade Copper Hits At Reward

KGL Resources Ltd (ASX:KGL) has delivered high-grade copper intersections at the Upper Marshall and Reward Main Lodes, situated within the Jervois Copper Project in the Northern Territory.

To date, the company’s diamond drilling program completed five holes at Reward, aiming to fill in gaps where the 2024 mineral resource estimate had marked areas as indicated.

Moving forward, KGL’s primary objective during the remainder of 2024 is to continue infill drilling of the Reward underground resource.

Consequently, this will increase confidence in the resource by upgrading the inferred status to indicated status.

New CEO

Away from the field, KGL has appointed experienced mining executive Philip Condon as the CEO of the company.

Condon is a senior mining executive with extensive experience in the industry spanning more than 35 years across a wide range of commodities and countries.

Specifically, He has a deep knowledge of the copper industry having worked at the CSA Cobar mine.

Condon has been working with the company for the past month as GM of Projects with responsibility for delivering the company’s updated feasibility study.

Drill results

Holes KJD625 and 628 targeted the upper Marshall lode and intersected high-grade copper and silver mineralisation in the oxide and transition zones.

Meanwhile, Hole KJD629 was aimed at the gap in drilling in the upper Main shoot and intersected 2 zones of strong copper mineralisation separated by a lower grade (<0.5% Cu) interval.

KJD6281: 4.15 m @ 5.04% Cu, 129.06 g/t Ag, 0.41 g/t Au from 15.38 m

Including 1.82 m @ 8.16% Cu, 251.14 g/t Ag, 0.56 g/t Au

KJD625: 4.41 m @ 6.40% Cu, 74.79 g/t Ag, 0.33 g/t Au from 15.00 m

Including 1.32 m @ 11.06% Cu, 153.37 g/t Ag, 0.52 g/t Au

KJD629: 1.39 m @ 4.29% Cu, 19.05 g/t Ag, 2.93 g/t Au from 10.20 m

And 5.33 m @ 2.44% Cu, 17.10 g/t Ag, 0.71 g/t Au from 17.00 m

Including 1.79 m @ 5.05% Cu, 18.09 g/t Ag, 1.26 g/t Au

KJD631: 3.55 m @ 3.55% Cu, 36.79 g/t Ag, 0.49 g/t Au from 82.00 m

including 0.75 m @ 7.30% Cu, 55.20 g/t Ag, 0.31 g/t Au

And 3.17 m @ 2.11% Cu, 21.77 g/t Ag, 0.61 g/t Au from 87.63 m

Including 0.76 m @ 5.79% Cu, 43.70 g/t Ag, 1.04 g/t Au

 

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