King River Resources (ASX:KRR) will commence phase-two drilling at its Mindoolah Gold Project in early October following its maiden reverse circulation (RC) program.
Of the 19 holes, 15 returned gold intersections above 0.30 grams per tonne — a 79% success rate at an average depth of 41m below surface.
At Bertram’s, results include 1m @ 13.59g/t gold (Au) from 43m and 12m @ 1.1g/t Au from 35m, including 1m @ 5.41g/t Au. The company also returned 4m @ 1.62g/t Au from 24m, including 1m @ 4.85g/t Au.
At Le Soleil, the first hole returned 3m @ 4.7g/t Au from 38m, including 1m @ 10.7g/t Au, before ending in mineralisation at 42m due to ground conditions.
Managing Director Graham Gadsby says the results validate the geological and structural targeting model established at the project.
“What makes these results compelling is how shallow this mineralisation is across the project,” Gadsby says.
Gold mineralisation at Bertram’s is associated with northeast-trending structures, dykes, and quartz veining within a demagnetised granitic host.
The company drilled holes 26MD001 and 26MD007 from opposite sides of the Bertram’s pit, and both intersected the same quartz-vein system adjacent to a northeast-trending intermediate dyke.
At Le Soleil, hole 26MD022 confirmed mineralisation beneath historical workings within a pronounced zone of magnetic depletion identified in the company’s recent drone magnetic survey.
King River reports a clear spatial correlation between gold, quartz-vein systems, and zones of magnetic depletion, providing a framework for phase two targeting.
Jarahfire Drilling is scheduled to mobilise in early October for the phase two RC program. A phase two aeromagnetic survey has been rescheduled to mid-October due to inclement weather affecting the survey aircraft.
The Mindoolah Gold Project is located about 70km northwest of Cue in Western Australia’s Murchison Province.
King River Resources is an Australian explorer advancing gold projects across Western Australia’s Murchison and Kimberley regions and the Northern Territory’s Tennant Creek district.
Write to JC Villarba at Mining.com.au
Images: King River Resources
