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Highlights
- Deeper drilling at Kurundi Main intersected 11m @ 0.69g/t gold (Au) from 69m including 1m @ 3.39g/t Au and 1m @ 2.54g/t Au in hole TTRC17.
- The company has discovered geochemically anomalous ironstones at Millers.
- Drilling at Tarragans identified anomalous gold mineralisation across multiple structures, with grades reaching up to 1.17g/t Au.
- New undrilled targets, including Kuiper and Rover East are scheduled for drilling in 2025.
King River Resources Limited (ASX:KRR) has provided an update on the remaining assay results for 2024, including Phase 2 drilling results from Kurundi and data for the Kurundi Regional targets. The company expects to identify more drill targets as it continues to analyse 2023 geophysical data alongside the 2024 assay results.
Kurundi Main
Deeper drilling at Kurundi Main intersected 11m @ 0.69g/t Au from 69m (only 60m vertical) including 1m @ 3.39g/t Au and 1m @ 2.54g/t Au in hole TTRC17. It showed improved grades from the previously reported deeper drill hole TTRC105 to the northwest.
Infill drill hole TTRC176 returned high-grade gold result of 7m @ 5.8g/t Au including 3m @ 11.9g/t Au with 1m @ 26g/t Au from 32m confirming the southerly plunge to high grade mineralisation.
Exploration drilling testing for new structures around Kurundi Main identified three new anomalously mineralised structures with grades up to 0.15gt Au, 0.25% Cu and 26ppm Ag.
Kurundi Regional
The company discovered geochemically anomalous ironstones at Millers. This includes 1m @ 0.7% Cu, 1% S and 40ppm Bi (similar to Tennant Creek IOCG style mineralisation).
Drilling at Tarragans identified anomalous gold mineralisation across multiple structures, with grades reaching up to 1.17g/t Au.
Kurundi Phase 2
A total of 36 RC holes for 2,472m have been completed for Kurundi Phase 2. Drilling included exploration for new mineralised structures, north and south extensions to the Kurundi Main structure (up to 1.5km from the main workings), drilling beneath the main mineralised zone and follow up of the high-grade footwall mineralisation.
KRR completed drilling in 2024 at the Providence, Langrenus, Commitment, and Kurundi Regional targets, including Millers, Mick, Petas, and Tarragans, as well as two phases at Kurundi Main.
The company plans further drilling in 2025 to follow up on the best results from this work. Additionally, new undrilled targets, such as Kuiper (Kuiper 1 and 2) and Rover East (BIF Hill East, Anomaly 5, and Explorer 42), are scheduled for drilling in 2025.
The share price of KRR was AU$0.011 at the time of writing on 14 February 2024.
