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King River Resources has drill spinning in 2,500-metre program at Mt Remarkable Gold Project

The company also continues to work with its engineer and consultants on delivering a pre-feasibility study (PFS) for its 100%-owned Speewah Specialty Metals Project in WA.

King River Copper Ltd - King River Resources begins 2,5000m drilling program at Mt Remarkable Gold Project
The reverse circulation drilling program may be further expanded depending on outcomes

King River Resources Ltd (ASX:KRR) has started a 2,500-metre reverse circulation drilling program at the high-grade Mount Remarkable Gold Project in WA.

This program will follow-up multiple high-grade results returned last year, such as 4 metres at 113.29 g/t gold, including 1-metre at 346 g/t.

Drilling on this phase of exploration will test the following targets:

  • Extensions to the two new high-grade gold zones discovered at the east end of the Trudi grid drilling in 2018;
  • The east strike extensions of the Trudi vein up to 700 metres beyond the 5-metre grid drilling where three possible positions for the vein have been interpreted to extend under a hill consisting of rocks;
  • Depth extensions to Trudi high-grade mineralisation; and
  • Newly discovered gold mineralised veins outside of the main project area.

Long projection looking north showing the multiple high-grade gold results from the main Trudi area

Reconnaissance exploration will be conducted simultaneously to the drill program with a ground magnetics program to test for veins beneath interpreted cover units.

Quick facts: King River Resources Ltd

Price: 0.056 AUD

Market: ASX
Market Cap: $69.92 m

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King River Resources Ltd - Elevator Pitch

Anthony Barton, non executive chairman of King River Resources Ltd (ASX:KRR), pitches the company to investors. For more information visit https://kingriverresources.com.au/

on 24/1/19

2 min read