Killi Resources (ASX:KLI) will release full 3D results and interpretation of the ground geophysical survey (IP) at the Baloo Prospect within the 100% owned Mt Rawdon West Project in Queensland in the coming weeks.
Final drill results for the remaining three diamond drillholes at Kaa are expected to be released mid-December
The program consisted of a pole-dipole 3D IP survey, where eight lines collected data down to 500m depth over an area of 8.3km2.
Killi Resources says the results returned a consistent chargeable feature across multiple survey lines, delineating an extensive large-scale chargeable IP anomaly in the centre of Baloo.
The IP anomaly potentially represents a sulphide bearing unit, which could represent a porphyry mineral system. The “strong response” returned beneath the existing surface gold-copper anomaly adds confidence to the potential of Baloo.
In addition to the IP anomaly, surface mapping identified stockwork veining in outcrop, a characteristic feature of porphyry-epithermal mineral systems.
The results of the survey have identified a broad high chargeable anomalous zone (>20mV/V) in the central area of the survey. The anomaly is interpreted to represent a unit high in sulphides and potential host to the copper and gold anomalism seen at surface.
Several other moderate chargeable anomalies were identified in almost every line and are interpreted to represent major structures in the region, such as the Mt Rawdon Fault and linking structures between the main regional faults.
Killi says the IP anomaly aligns with the central gold-copper soil anomaly, with anomalous molybdenum surrounding the system.
The company is focused on exploring for a new major mineral discovery at its projects in Western Australia and Queensland. The projects are belt-scale land holdings, located in well-endowed mineral provinces, that are significantly underexplored and amenable to a new large-scale discovery.
Killi ] recently entered into an earn-in joint venture with Gold Fields at its West Tanami Project in the Tanami, where Gold Fields can earn up to 85% of the Gold Project. The company also retains copper rights to the Balfour Project in the Pilbara of Western Australia, where the project was originally pegged for its copper prospectively.
In early 2024 the company completed the same of the project to Black Canyon (ASX:BCA), where Killi received $500,000 worth of Black Canyon shares for the deal.
Write to Adam Orlando at Mining.com.au
Images: Killi
