King River Resources (ASX:KRR) identifies new high-grade gold zone at Kurundi Main

Highlights

• KRR has identified a new high-grade gold zone 250m south of the central main workings.
• Best intersection includes 9m at 1.62 g/t gold, including 1m at 12.75 g/t gold from hole TTRC098.
• Central Target Area drilling confirmed a southerly plunge to the main high-grade gold zone, with strong veining and structural intersections.
• Northern and southern extensions mapped using drone magnetics; notable results from TTRC110 include high-grade gold with malachite and chalcopyrite.
• The company has commenced Phase 2 drilling to explore new targets and continues to evaluate additional Kurundi Main targets.

King River Resources Ltd (ASX:KRR) has shared promising results from its 2024 drilling campaign at the Kurundi Main prospect, aimed at expanding the high-grade gold mineralisation discovered in 2022 and testing alternative structural targets identified through detailed drone magnetics completed in 2023.

Key Findings

The latest results include the discovery of a new high-grade gold zone located approximately 250m south of the central main workings. Notable intersections include hole TTRC098, which returned 9m at 1.62 g/t gold from 49m, including 1m at 12.75 g/t gold from 53m.

Data source: Company update

In addition,, a potential new style of mineralisation was identified along a porphyry-basalt contact, beneath the central main zone. Hole TTRC103 intersected 2m @ 10.93g/t Au from 51m including 1m @ 20.75g/t Au from 51m.The company plans to conduct further investigations into this possible new mineralisation style.

Kurundi Main Prospect 2024 drilling results. Image source: Company update

Drilling Campaign OverviewThe 2024 drilling campaign encompassed 28 reverse circulation (RC) holes, totalling 1,986m and testing three key areas: the northern and southern extensions of the Kurundi structure, the plunge of central high-grade zones intersected in 2022 drilling, and deeper mineralisation beneath the main workings.

Drilling has confirmed a southerly plunge to the central high-grade zone identified in 2022 drilling with significant gold intersections reported in TTRC0103 and TTRC092.

In the Central Targe Area, four new holes were drilled to a vertical depth of 65m, revealing significant veining, structure and alteration, which suggests potential extensions at depth. The hole TTRC105 intersected 10m @ 0.32g/t Au including 1m @ 0.98g/t Au from 68m with mineralisation remaining open at depth and to the south.

Southern and Northern Target Areas Show Promise

Drilling in the northern and southern extensions of the Kurundi fault, guided by detailed drone magnetic surveys, has identified promising target structures. In the northwest, hole TTRC110 intersected malachite and chalcopyrite within the key vein. Future drilling will focus on this gold zone and explore magnetic lows further to the north, beneath alluvial cover.

Ongoing and Future Exploration

Following the completion of drilling at the Kurundi Regional targets, the drill rig has moved back to the Kurundi Main area to assess additional targets.

Data source: Company update

The company has also commenced a second phase of drilling to evaluate the new southern high-grade zone while continuing to explore additional targets at Kurundi Main.

KRR shares traded at AU$0.010 apiece at the time of writing on 6 November 2024.