Killi Resources (ASX: KLI) has identified a ‘significant’ new zone of gold mineralisation following a soil sampling campaign at the Rocky prospect within its Ravenswood North Gold Project in Queensland.
The results are described by the company as ‘highly anomalous’ for gold, silver and copper mineralisation, and are coincident with two ‘high-grade’ rock chip samples that have reported grades of up to 17.43g/t Au and 5g/t Ag, as well as 16.19g/t Au and 7.16g/t Ag.
In addition, the work has also highlighted the presence of two distinct gold anomalies within a 1.5km² prospect area that intrudes upon two structures within the Ravenswood corridor.
Commenting on the results, Killi Resources CEO Kathryn Cutler said: “These assays confirm the potential for a breccia hosted gold system within the now identified 1.5km x 1.5km zone anomalous for gold, copper, silver and molybdenum.
“The geochemical signature mimics known deposits in the region, such as Mt Leyshon and Mt Wright mines”
The geochemical signature mimics known deposits in the region, such as Mt Leyshon and Mt Wright mines. We are looking forward to getting back out on the ground and furthering the exploration story at Rocky.”
The company also notes that these anomalies reinforce the potential for intrusion-related mineralisation, as seen at the neighbouring Mt Leyshon and Mt Wright Mines, to be present at the deposit.
Soil anomaly map from the Rocky prospectThe Ravenswood North Gold project is located within the ‘highly prospective’ Ravenswood-Charters Towers Gold District in Queensland, and covers a total land area of around 580km², with the company operating as the majority owner of the joint venture.
The project consists of five granted EPMs across the Ravenswood Goldfields, and carries potential for a large-scale IRG system.
Killi Resources reports that exploration field programs at the deposit will re-commence shortly, with geochemical surface work and follow-up drilling already planned at Rocky.
Images: Killi Resources Limited
