Killi Resources (ASX:KLI) has identified gold–copper drilling targets at the Kaa prospect, within the Mt Rawdon West Project in Queensland, after receiving results from a ground geophysical survey.
Results of the pole-dipole induced polarisation geophysical survey shows a strong spatial associated with gold-copper mineralisation.
Killi Resources, which has a market capitalisation of $11.18 million, says new discrete chargeable targets have also been identified from surface and align with known surface copper-gold mineralisation of 238 grams per tonne gold and 5.4% copper.
A 1,000m diamond drilling campaign is expected to begin in the coming weeks to drill test the targets uncovered and beneath the “high-grade” copper and gold surface results.
CEO Kathryn Cutler says the IP survey technique works to identify sulphide units beneath the surface.
“With no existing drilling at this target, it is vital we obtain all information available to use in order to ensure our maiden drill campaign is successful,” Cutler says.
“At surface we have been seeing visible copper mineralisation in the form of azurite, malachite, and chalcopyrite.
“Mapping saw us understand the region has seen significant structural deformation, and the gossans and veins at surface returned high-grade assays of 238g/t gold and 5.2% copper, which is not a common occurrence in outcrop. You normally have to drill a hole to hit a high-grade result like this.”
Cutler adds that these results combined with the geochemical dataset and surface mapping provides “exceptional” targets for Killi to drill test.
“We could not be more excited to get out there and complete the drill campaign in light of these results.”
The ground IP survey covers a 2.52km2 area at the Kaa prospect, with five lines completed in total.
Killi says the main Kaa anomaly extends from surface to depth to the north and remains open, providing a high-priority drilling target for the company to test close to surface.
Killi Resources is focused on exploring for a new major discovery at its projects in Western Australia and Queensland. The projects are belt-scale landholdings, which lie in well-endowed mineral provinces.
Write to Aaliyah Rogan at Mining.com.au
Images: Killi Resources
