- Underground production at Mineral Hill now focused on four high margin Cu-Au lodes.
- Combined JORC Resource of 1.13Mt ore, averaging 1.6% Cu, 3.2g/t Au, 12g/t Ag
- Red Terror Southwest Cu-Au lode included in the four production targets, following release of initial maiden Resource estimate.
- Drilling continues to expand Red Terror Cu-Au resources. New mineralised lodes identified. Significant intersections include:
5m @ 1.0% Cu and 4.4 g/t Au;
2.4m @ 3.3% Cu and 1 g/t Au;
11.8m @ 2.9% Cu and 2.7 g/t Au;
15.3m @ 2.6% Cu and 0.5 g/t Au; and
16m @ 1.2% Cu and 7.3 g/t Au
- The GD140 lodes represent a potential fifth Cu–Au ore source, and recent surface reverse circulation (RC) drilling has indicated a possible sixth lode at the southern end of the Eastern Ore Zone (EOZ), adjacent to current workings.
KBL Mining Limited’s (ASX:KBL and KBLGA) operating Mineral Hill Mine, located 60km north of Condobolin in central NSW, is now focused on production from an underground Cu-Au Resource inventory, totalling 1.13Mt of high-grade ore. Targets include the Red Terror Southwest, ESOZ, SOZ Au and SOZ Cu-Au Lodes.
Underground targets GD140 and EOZ South have also been identified as having the potential to add significant additional Cu-Au resources in the short term.
For further information please download PDF below:
