Killi Resources Uncovers Promising Mineralisation at Mt Rawdon West

2 min read | December 04, 2024 01:10 PM AEDT | By Team Kalkine Media

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Killi Resources Uncovers Promising Mineralisation at Mt Rawdon West — Image source: Shutterstock

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Highlights

Drill results reveal a large mineralised system featuring gold, silver, and copper over a 1.8-kilometer trend.

Strongest assay results include 9.35 g/t gold, 95.1 g/t silver, and 3.7% copper.

Market reaction: Shares fell 10.34% to 5.2 cents by mid-morning.

Killi Resources Ltd (ASX:KLI) has reported significant findings from its maiden drilling campaign at the Mt Rawdon West project in Queensland. Results from six diamond drill holes at the Kaa prospect have confirmed the presence of a sizable mineralised system, with notable gold, silver, and copper mineralisation observed across a 1.8-kilometer trend.

The drilling campaign, covering 1,402 meters, targeted induced polarisation (IP) anomalies beneath historical workings along the trend. Quartz-carbonate veining was identified in all six holes, occurring within broad alteration zones up to 150 meters wide. These zones exhibited intense potassic, silica, and sericite alteration within the granodiorite, indicating the potential for a robust hydrothermal system.

Standout assay results included:

9.35 grams per tonne (g/t) of gold,
95.1 g/t of silver, and
3.7% copper.

Killi Resources expressed optimism over the scale and intensity of the alteration. The findings suggest significant hydrothermal fluid activity, which is often a precursor to the discovery of epithermal copper-gold systems. Additionally, porphyry and andesite units encountered within the granodiorite host rock were linked to major structural features and faults, further supporting the project's potential.

CEO of Killi Resources remarked, "These results confirm the presence of a significant mineralised system at Mt Rawdon West. The scale and alteration intensity we’ve observed provide a strong foundation for further exploration and development."

Despite the promising exploration outcomes, Killi's share price faced a setback in the market. By 11:26 AEDT, the stock had declined 10.34% to 5.2 cents.

The Kaa prospect findings have positioned Mt Rawdon West as a high-priority exploration target. Killi Resources plans to further investigate the site to unlock its full potential, focusing on the epithermal and porphyry systems that are often associated with significant gold-copper deposits.

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