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King River Resources concludes successful drilling program at Mt Remarkable Gold Project

Results received so far have returned high-grade gold intersections from the main Trudi Vein with a highlight result of 6 metres at 5.95 g/t gold from 20 metres.

King River Resources Ltd - King River Resources concludes successful drilling program at Mt Remarkable Gold Project
Assay results are still pending for 10 holes at Trudi

King River Resources Ltd (ASX:KRR) has completed a reverse circulation (RC) drilling program at Mt Remarkable Gold Project in WA with a total of 39 holes for 2,677 metres.

Drilling targeted the Trudi vein as well as veins identified during reconnaissance exploration earlier in the year.

Results for seven holes have been returned from the Trudi drilling and show that the easternmost high-grade zone (discovered last year) continues east returning best results of:

  • 6 metres at 5.95 g/t gold from 20 metres including 1 metre at 33.7 g/t gold; and
  • 3 metres at 7.1 g/t gold from 26 metres including 1 metre at 17.9g/t gold.

Long projection, looking north, showing multiple very high-grade gold zones within the Trudi Main Grid Area. Latest drilling with results shown as red dots, assays pending as blue dots.

Assay results are still pending for 10 more holes at Trudi.

Tennant Creek: Treasure Creek Project

King River has commenced geophysical surveys and reconnaissance at two priority Treasure Creek tenements (EL31617 and EL31619) in the Northern Territory.

EL31617 covers the under-explored eastern extension of the Rover Gold Field that hosts numerous ironstone bodies with characteristic copper-gold +/- cobalt, silver and bismuth mineralisation.

EL31619 covers the under-explored eastern extension of the Tennant Creek Mineral Field and includes part of the Lone Star iron oxide copper gold (IOCG) trend which includes Emmerson Resources’ (ASX:ERM) Mauretania deposit only 700 metres from the western boundary of the tenement.

Drilling of the main EL31617 and EL31619 geophysical targets is planned for early next year.

Environmental approvals for the planned drilling are currently being reviewed by the NT Mines department.

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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