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King River Copper prepares for deeper drilling along the Trudi Vein

King River Copper has traded 5.1 million shares by 1pm.
King River Copper prepares for deeper drilling along the Trudi Vein
Cross Section of the Trudi Vein

King River Copper Ltd (ASX:KRC) has attracted traders attention today, with 5.1 million shares changing hands intra-day, worth around $450,000.

King River last traded up 4.8% at 8.8 cents.

The interest is driven by the next exploration steps at the Trudi target, located within the wholly-owned Mt Remarkable Project in the East Kimberley of Western Australia.

READ: King River Copper strikes bonanza grade gold at Mt Remarkable

A more powerful reverse circulation rig has been mobilised to site to enable the drilling of the deep exploration holes east of the main Trudi target where no previous historic drilling has been completed.

Three deeper holes for 588 metres have been completed.

Drilling goal

Exploration in this undrilled area has been designed to target where the shallow dipping, gold mineralised Grahame Vein is interpreted to intersect with the Trudi Vein.

The intersection of these two gold mineralised structures is interpreted to be a major controlling factor for the high-grade gold mineralisation currently being drilled at Trudi as part of the grid drilling program.

Next steps

Further exploration of the eastern extents of Trudi vein will continue once assays have been returned for the three completed deeper holes.

King River said that the next round of Trudi East exploration holes will aim to confirm the orientation of the Trudi vein and continue to test along the Grahame-Trudi intersection.

Three 200 metre spaced holes are planned to target the Grahame vein to assist in better targeting its intersection with the Trudi vein and to test for gold mineralization on the Grahame vein.

The diamond drill rig is expected to arrive in the coming week.

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