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    • Delayed Prices (USD) - Last Updated 23-10-2021
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    KGL intersects massive copper sulphides at Jervois

    KGL Resources (ASX: KGL) has intersected massive copper sulphides from infill and mineral resource drilling at the Rockface prospect within its Jervois copper project in the Northern Territory.

    The company reports that hole KJCD481D3, the fourth drilled in the eight-hole Rockface program, intersected high-grade mineralisation which is visually estimated to contain 90% sulphide over a true thickness of 3.02 metres. Importantly, the resource is open at depth and to west-south-west.

    “This rather unexpected, but spectacular intersection at Rockface North, and the potential it reveals, is anticipated to materially add to the Rockface mineral Resource”

    Commenting on the find, KGL Resources CEO Simon Finnis said: “This rather unexpected, but spectacular intersection at Rockface North, and the potential it reveals, is anticipated to materially add to the Rockface mineral Resource. The intersection is close to the current mine plan and will conceptually result in an extension to the west as a minimum. The core from the intersection is being afforded the highest priority for processing and halfcore samples will be despatched for analysis in the coming days.”

    As part of its feasibility study, KGL had undertaken a program of development drilling at Jervois designed to improve the accuracy of the mineral resource model for mine design purposes, and to upgrade the JORC resource from inferred to indicated category.

    Drilling has been completed for the Reward and Bellbird Deposits, while at Rockface, four of eight resource development drill holes have been completed.

    KGL reports that that its infill and mineral resource confirmatory drilling is ongoing, while brownfields and greenfield drilling have also commenced. The company is also planning additional IP and DHEM surveys, with contractors currently on site planning to carry out a DHEM survey on hole KJCD481D3 within days.

    Images: KGL Resources Limited
    Jonathan Norris
    Jonathan is a founder of Mining.com.au and has been covering the resources industry since 2018. With over 17 years experience in print, broadcast and online media, Jonathan has seen first hand the transformative effect of online niche media.

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    • Delayed Prices (USD) - Last Updated 23-10-2021
    • Gold $1,793.20
    • Silver $24.28
    • Platinum $1,038.00
    • Palladium $1,948.00
    • Dalian Iron Ore i2201 $110.96
    • Aluminium $2,910.50
    • Cobalt $58,598.87
    • Copper $9,831.50
    • Lead $2,400.00
    • Nickel $19,930.00
    • Tin $37,250.00
    • Zinc $3,429.50