Kentor Gold lifts scale of Jervois Project with 33% copper Resource increase

A combination of high grade copper and strong precious metal credits at the Jervois Project in the Northern Territory indicate Kentor Gold has a strong project on its hands. The potential is lifted even further with the Reward and Bellbird prospects open at depth and along strike.

Kentor Gold’s (ASX: KGL) recent drilling campaign at the Reward and Bellbird prospects has increased the contained copper by 33% to 150,500 tonnes and contained silver by 27% to 9.66 million ounces.

The total Inferred Resource has increased to 11.9 million tonnes at 1.3% copper and 25.2 grams per tonne (g/t) silver.

Managing director Simon Milroy commented, “These results have lifted Jervois to a new scale of potential development.

“Initial project development potential was enhanced by the Resource being concentrated at the Reward deposit.

“The deposits are still open at depth and along strike, so we can expect to continue with this exploration success.”

The exploration potential for the Reward and Bellbird deposits in areas adjoining the current Inferred Resource is 5-10 million tonnes at 0.75-1.25% copper and 10-25g/t silver at a 0.5% copper cut-off, for 50,000-100,000 tonnes of copper and 3-5 million ounces of silver.

The deposits are open at depth and there are additional possibilities along strike based on interpretation of the recently completed detailed conductivity survey.

Worth noting at Reward is the deeper high grade copper zone that is also showing consistently high gold grades.

While only about 20% of the historical drilling has been assayed for gold, Kentor anticipates that gold will be included in future resource upgrades following additional drilling. 

Another defining factor of the Jervois Project’s potential is that initial results from a recent Scoping Study show high metallurgical recoveries and concentrate grades of 26% copper concentrate grade at 94% recovery.

 “The high copper grade combined with the strong precious metal credits and good metallurgy indicate that we have a strong project on our hands,” Milroy said,

“Significant gold assays have been recorded in the Reward drilling and require further exploration work to determine their impact on the resource estimates. The gold grades appear to be increasing with depth.”

Earlier results reported by Kentor from the Green Parrot Deposit confirmed the potential for Jervois to be a significant multi-metal project.

Highlights included 4.3 metres at 1.70% copper, 8.49% lead, 1.02% zinc, 361.95g/t silver and 0.06g/t gold from 70.70 metres, which includes the very high grade 1.7 metres at 17.91% lead.

The Scoping Study is ongoing and is expected to be completed in April with Kentor then moving straight into a Definitive Feasibility Study.


Drilling Program

Tendering is underway for this year’s initial drilling program planned to commence in early March. It will comprise 8,000 metres of reverse circulation drilling and 3,000 metres of diamond drilling designed to twin several historic holes and infill areas with little or no drilling.