KGL Resources will use a new drilling program to test targets from a high potential area at Jervois. A successful drilling program could further boost the growing metal resources at the project.
There is potential to increase contained zinc and silver by 150%, upgrading the economic potential of the Sortebjerg Prospect. High grade sulphide mineralisation is now interpreted to occur over a 1.5 kilometres strike and remains open on strike and at depth.
Matt Barrie's Freelancer has accelerated growth in a record half year that saw the number of users increase to 16 million.
Recent drilling at Iceberg 2 has intersected further shallow broad mineralisation that could help merge the M4 and M4 North open pits, improving mining economics. This supports Blackham’s goal of increasing free-milling gold resources at the Matilda Gold Project.
Drilling has confirmed a new sulphide zone discovery and continuation of the Maibele North nickel mineralisation. So far 6 out of 7 stepout holes have intersected sulphide.
The placement will further expand growth of the company’s consumer health business in Australia and internationally. Highlighting its sales momentum, half of the company’s forecast FY2015 revenue of $2 million was generated during the last quarter.
After the bell Facebook revealed stronger-than-expected second-quarter profits on surging mobile user growth. The Dow ended the session 121 points higher.
Australian equities are expected to open higher, with the ASX SPI 200 up 33 points to 5606.
The exploration program, which includes about 40 diamond holes, is targeted at establishing a maiden JORC 2012 compliant coal resource. This could be followed by a Scoping Study and subsequently a development decision next year.
Keysbrook is on track to commence commissioning in November 2015 with first sales planned for early Q1 2016. Under the leadership of managing director, Trevor Matthews, construction of the project remains on schedule and on budget, with 74% now complete.
The new porphyry copper target under the desert sands in southern Peru will be the subject of further activity over the coming months. Latin and First Quantum are on the way to unlock the potential of their strategic concession holding.
KGL's extensive 20,000 plus metre drilling program has delivered a 36% increase in Indicated resources, and a significant increase in tonnage of the Jervois resource. The new resource will form the basis of an optimised PFS expected to be completed in October.
Assays are currently pending from drilling at the Red Bore and Curara Well projects in the prospective Doolgunna region. The company is also planning to start drilling at the Ox-Eyed Herring / Tarpon prospects in the Northern Territory.