- Underground drilling has confirmed a new high grade copper/gold lode immediately below the current Parkers Hill workings.
- Development has commenced to provide access to the lode.
Latest drill intersections include:
4.45 metres at 8.0% Cu and 3g/t Au in hole KUPH009 and
3.75 metres at 7.3% Cu and 2g/t Au in hole KUPH007
- The lode will bring forward the commencement of high grade copper/gold production at Mineral Hill Mine to late October 2012.
KBL Mining Limited (ASX:KBL and KBLGA) has received further drilling results that confirm a new copper-gold lode directly below the current development level of its underground mining operations at Mineral Hill Mine in New South Wales. The Parkers Hill ore body at Mineral Hill Mine, which is currently being mined, was previously thought to be restricted at depth by the shallowly west east dipping 1225 thrust. The latest results form a part of an underground diamond drilling program aimed at extending mining reserves below the lowest development level at 1190mRL (120 metres from surface).
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