King River Resources has intersected significant geochemical anomalies from recent drilling at its Langrenus and Providence prospects that sit within the company’s Tennant Creek East project in Australia’s Top End.
The drill campaign is part of a $2 million spend to follow up geophysical targets generated from last year’s program and encountered anomalous gold, copper, silver, antimony, bismuth and cobalt. Management says the fully-funded program was designed to test targets at the company’s Tennant Creek East, Rover East, Kurundi and Barkly projects.
King River says assay results from the maiden reverse-circulation (RC) drilling conducted at Langrenus and the phase-two RC program testing the Providence prospect show encouraging anomalous mineralisation.
At Langrenus, which sits 1km along strike from Emmerson Resources’ stunning 20m hit grading 38.5 grams per tonne gold, a broad quartz hematite structure was intersected producing returns of 0.2g/t gold, 93ppm antimony, 178 parts per million cobalt, 53ppm bismuth and 3.8ppm silver. The quartz hematite zone has a thickness of about 20m, with varying quartz veining intensity.
Drilling 100m to the north of the quartz hematite zone delivered significant anomalous copper of 0.79 per cent, 48ppm bismuth and 34ppm silver.
A brief five-hole RC program was undertaken at Providence, with two holes returning anomalous values of 0.1g/t gold and 0.91 per cent copper, with 65ppm bismuth. Management says it is encouraged by the results from Providence and is planning further work to test the orientation and extent of the ironstone-associated structures responsible for the anomalous mineralisation.
One hole was drilled at the Commitment target with no significant results returned. However, the company is planning to target geochemically anomalous ironstones discovered at the site back in 2020.
King River advises that the first phase of drilling at the Kurundi main prospect has finished, with the drill rig now working at the Kurundi Regional project to test new targets. The plan is to now drill the Tarragans North and South prospects that sit about 30km south-east from the Kurundi Main site, with historical workings in the area including the nearby Great Davenport mine.
The Tarragans prospects have never been drilled, but management believes now is as good a time as any in view of high-grade rock chips assaying 23.93g/t and 9.28g/t being discovered at Tarragans South. The company is planning to run the drill bit across the prospect’s ground and test it with 12 holes for about 600m.
Further drilling is expected at Kurundi Main after the Tarragans targets have been tested.
King River anticipates generating further targets as it is continues to process and interpret last year’s geophysical results for its remaining project areas. Some of the other targets expected to be tested include Kuiper 1 and 2 and Rover East’s BIF Hill East, Anomaly 5 and Explorer 42.
The company plans to soon test multiple new targets, while undertaking further work on prospects that showed promise in the latest campaign and it may just be worth keeping an eye on as it pushes ahead with its $2 million drill program.
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By Craig Nolan
