- Reverse circulation drilling from surface has intersected strong copper mineralisation at Mineral Hill Mine adjacent to existing underground development.
- Handheld X-Ray Fluorescence (XRF) analysis and visual logging confirms copper mineralisation in RC drill chip samples; assay results pending.
- Significant massive, breccia/vein-hosted and disseminated chalcopyrite and pyrite intercepted in drill holes:
KMHRC122: 119m-146m (27m);
KMHRC123: 110m-147m (37m); and
KMHRC124: 110-134m (24m) and 155m-181m (26m).
- Dimensions of known copper-gold mineralisation at 'Red Terror' (1875) extended up to 50m to the southeast.
KBL Mining Limited (ASX:KBL and KBLGA) has received preliminary results from a 1,000m reverse circulation (RC) drilling program designed to accelerate delineation of copper-gold mineralisation southwest of the active Mineral Hill underground workings and to test the southern extent of the Red Terror (1875) lodes.
Copper-gold mineralisation in the Red Terror (1875) area is hosted by hydrothermal breccia and coarsely banded quartz veining in the Mineral Hill Volcanics. The mineralisation consists of chalcopyrite, with minor pyrite, galena and sphalerite, and rare bismuth and gold. This mineralisation is similar in style to the historically mined Eastern Ore Zone (EOZ) which produced over 240,000 ounces of gold.
For further information please download PDF below:
