Rockface Assay Results
For personal use only
14 February 2022
- Rockface resource development drilling program has been completed
- Final assay results for all 12 drillholes have been received
- All holes intersected reportable copper mineralisation
- Some notable intersections1 at Rockface include:
- KJCD481: 6.28m @ 2.39% Cu, 20.6 g/t Ag, 0.29 g/t Au from 716.07m
Including: | 0.79m @ 6.54% Cu, 38.3 g/t Ag, 0.12 g/t Au from 716.07m |
And incl.: | 0.91m @ 4.00% Cu, 53.2 g/t Ag, 1.09 g/t Au from 719.00m |
- KJCD481D3: 4.45m @ 18.88% Cu, 396.8 g/t Ag, 0.42 g/t Au from 725.35m
Including: | 1.51m | @ 37.41% Cu, 1,105.5 g/t Ag, 0.59 g/t Au from 725.35m |
And incl.: | 1.16m | @ 21.98% Cu, 73.1 g/t Ag, 0.41 g/t Au from 728.06m |
- KJCD481D6: 4.00m @ 19.80% Cu, 298.6 g/t Ag, 1.10 g/t Au from 698.88m
Including: | 0.74m @ 61.4% Cu, 521.0 g/t Ag, 0.11 g/t Au from 698.88m |
- KJCD481D7: 2.17m @ 12.81% Cu, 218.4 g/t Ag, 0.71 g/t Au from 692.00m
Including: | 1.24m @ 21.49% Cu, 374.1 g/t Ag, 1.20 g/t Au from 692.97m |
- Rockface North high-grade copper mineralised domain confirmed
- Rockface mineral resource estimation underway
KGL Resources Limited (ASX: KGL) (KGL or the Company) is pleased to report that the recent resource development drilling program of the Rockface deposit was successfully completed on 12th December 2021, and that all final assay results have now been received. Work has commenced on an update to the mineral resource model for Rockface and, together with the already finalised Reward and Bellbird resource estimates, will form the basis for revised and optimised feasibility study mine designs.
Rockface drill intersections above 1% copper cut off are presented in Table 1 below.
Like Reward and Bellbird, Rockface assays broadly confirm the existing mineral resource model and will result in refinements to the geological interpretations. The results also confirm the discovery of a higher- grade domain located near the western margin of the Rockface North lode.
Figure 1 below shows a longitudinal projection of the lower portion of the Rockface North lode, plotting the positions of the relevant copper intercepts.
KGL Managing Director, Mr. Simon Finnis remarked, "The receipt of the final set of assays from Rockface is an important step on the critical path for delivery of the Jervois feasibility study. The results support the overall continuity of the mineralisation and confirm the exciting discovery of a high-grade copper shoot in the west of the deposit. Importantly, the receipt of these assays allows us to immediately move to resource estimation of Rockface which, once completed, will combine with Reward and Bellbird updated resources to inform the mine design, Reserve and feasibility study.
1 All intersections reported are estimated true thicknesses.
KGL Resources Limited | Rockface Assay Results | Page 1 of 9 |
For personal use only
Rockface Assay Results
"At the present stage of knowledge, the intersection in KJCD481D8, of 3.04% copper (Table 1), in the Rockface Main lode is the deepest confirmed indication of reportable copper at Rockface and the second deepest for the whole of Jervois after a 4.7% Cu intercept in hole KJCD010W1, at Reward Deeps North. "
Table 1: 2021 Rockface drill intercepts (lower cut off Cu ≥ 1%)
KGL Resources Limited | Rockface Assay Results | Page 2 of 9 |
For personal use only
Rockface Assay Results
Figure 1: Long Section of Rockface North showing the position of the 2021 drill intersections in relation to the 2020 resource model and PFS mine plan silhouettes. Also shownare the DHEM conductor models interpreted from the DHEM surveys of KJCD481D3 and KJC481D4.
This announcement has been approved by the directors of KGL Resources Limited.
KGL Resources Limited | Rockface Assay Results | Page 3 of 9 |
Rockface Assay Results
onlyMetallurgy. Mr Levings is Principal Geologist for the Company. Mr Levings has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which is being undertaking to qualify as a Competent Person as defined in the 2012 Edition of 'Australasian Code for Reporting of Exploration
Competent Person Statement
The i formation in this announcement that relates to Exploration Targets and Exploration Results is based on data
c mpiled by John Levings BSc, a Competent Person who is a Fellow of The Australasian Institute of Mining and
R sults, Mineral Resources and Ore Reserves'. Mr Levings consents to the inclusion in the announcement of the matt rs based on his information in the form and context in which it appears.
The following drill holes were originally reported on the date indicated and using the JORC code specified in the table.
Date | JORC Reported | ||||||||||
Hole | originally | ||||||||||
use | Reported | Under | |||||||||
KJCD | 481D3 | 11/10/2021 | 2012 | ||||||||
KJCD | 481D4 | 4/11/2021 | 2012 | ||||||||
KJCD | 481D5 | 4/11/2021 | 2012 | ||||||||
KJCD | 481D6 | 10/11/2021 | 2012 | ||||||||
KJCD | 481D7 | 8/12/2021 | 2012 | ||||||||
KJCD | 481D8 | 8/12/2021 | 2012 | ||||||||
KJCD | 010W1 | 15/01/2015 | 2012 | ||||||||
personaland uncertainties. Although | |||||||||||
every effort | has been made to verify such forward-looking statements, there can be no |
Forward Looking statements
This elease includes certain forward-looking statements. The words "forecast", "estimate", "like", "anticipate", "project", "opinion", "should", "could", "may", "target" and other similar expressions are intended to identify forward looking
stat ments. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding forecast cash flows and potential mineralisation, resources and reserves, exploration results and future expansion plans and development objectives of KGL are forward-looking statements that involve various risks
assurance that such statements will prove to be accurate and actual results and future events could differ materially Forf om those anticipated in such statements. You should therefore not place undue reliance on such forward-looking
statements.
Statements regarding plans with respect to the Company's mineral properties may contain forward looking statements. Statements in relation to future matters can only be made where the Company has a reasonable basis for making those statements.
Rockface Assay Results
only
1.1 Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Criteria | JORC Code explanation | Commentary | |||
Sampling | ∙ Nature and quality of sampling (e.g. cut channels, random | ∙ At Reward diamond drilling and reverse | |||
t chniques | chips, or specific specialised industry standard measurement | circulation (RC) drilling were used to obtain | |||
use | tools appropriate to the minerals under investigation, such as | samples for geological logging and | |||
down hole gamma sondes, or handheld XRF instruments, | assaying. The core samples comprised a | ||||
etc). These examples should not be taken as limiting the | mixture of sawn HQ quarter core, sawn NQ | ||||
broad meaning of sampling. | half core and possibly BQ half core | ||||
∙ Include reference to measures taken to ensure sample | (historical drilling only). Sample lengths are | ||||
representivity and the appropriate calibration of any | generally 1m, but at times length were | ||||
personal | measurement tools or systems used. | adjusted to take into account geological | |||
∙ Aspects of the determination of mineralisation that are | variations. RC sample intervals are | ||||
Material to the Public Report. | predominantly 1m intervals with some 2 | ||||
∙ In cases where 'industry standard' work has been done this | and 4m compositing (historical holes only).. | ||||
would be relatively simple (e.g. 'reverse circulation drilling | ∙ RC samples are routinely scanned by KGL | ||||
was used to obtain 1 m samples from which 3 kg was | Resources with a Niton XRF. Samples | ||||
pulverised to produce a 30 g charge for fire assay'). In other | assaying greater than 0.1% Cu, Pb or Zn | ||||
cases more explanation may be required, such as where | are submitted for analysis at a commercial | ||||
there is coarse gold that has inherent sampling problems. | laboratory. | ||||
Unusual commodities or mineralisation types (e.g. submarine | ∙ Mineralisation at all deposits is | ||||
nodules) may warrant disclosure of detailed information. | characterized by disseminations, veinlets | ||||
and large masses of chalcopyrite, | |||||
associated with magnetite-rich alteration | |||||
within a psammite. The mineralisation has | |||||
textures indicative of structural | |||||
emplacement within specific strata i.e. the | |||||
mineral appears stratabound. | |||||
∙ Documentation of the historical drilling | |||||
(pre-2011) for Reward is variable. | |||||
Drilling | ∙ Drill type (e.g. core, reverse circulation, open-hole hammer, | ∙ The KGL and previous Jinka-Minerals RC | |||
techniques | rotary air blast, auger, Bangka, sonic, etc) and details (e.g. | drilling was conducted using a reverse | |||
For | core diameter, triple or standard tube, depth of diamond tails, | circulation rig with a 5.25-inch face- | |||
face-sampling bit or other type, whether core is oriented and | sampling bit. Diamond drilling was either | ||||
if so, by what method, etc). | in NQ2 or HQ3 drill diameters. | ||||
Metallurgical diamond drilling (JMET holes) | |||||
were PQ | |||||
∙ There is no documentation for the historic | |||||
drilling techniques. | |||||
∙ Diamond drilling was generally cored from | |||||
surface with some of the deeper holes at | |||||
Rockface and Reward utilizing RC pre- | |||||
collars. | |||||
∙ Oriented core has been measured for the | |||||
recent KGL drilling. | |||||
Drill sample | ∙ Method of recording and assessing core and chip sample | ∙ The KGL RC samples were not weighed | |||
recovery | recoveries and results assessed. | on a regular basis but when completed no | |||
∙ Measures taken to maximise sample recovery and ensure | sample recovery issues were encountered | ||||
representative nature of the samples. | during the drilling program. | ||||
∙ Whether a relationship exists between sample recovery and | ∙ | Jinka Minerals and KGL split the rare | |||
grade and whether sample bias may have occurred due to | overweight samples (>3kg) for assay. | ||||
preferential loss/gain of fine/coarse material. | Since overweight samples were rarely | ||||
reported no sample bias was established | |||||
between sample recovery and grade. | |||||
KGL Resources Limited | Rockface Assay Results | Page 5 of 9 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
KGL Resources Limited published this content on 13 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 February 2022 23:21:02 UTC.