King River pegs more copper/gold ground in NT
King River Resources is increasing its footprint in the Northern Territory’s Tennant Creek copper-gold belt with the application for two prospective new exploration licences.
The applications complement the company’s 12 granted exploration licences in the NT, collectively known as the Treasure Creek tenements.
One of the new licence applications covers the Whistle Duck–Edmirringee trend where historical rock chip sampling returned up to 5% copper and 13 grams per tonne gold.
This trend continues into one of the company’s existing tenements to the east.
Additionally, the northern part of the application covers Warramunga geological formation that hosts the well-endowed Tennant Creek and Rover goldfields and the separate Davidson gold prospect.
The other licence application covers a part of the Kurundi Anticline and the historical Kurundi open pit and underground mine, where rock sampling returned over 5g/t gold and up to 9.7% copper.
King River is also carrying out detailed geological and geophysical reviews of its entire Treasure Creek tenement package and has identified multiple copper-gold exploration targets.
The company plans to carry out ground geophysical surveys followed by drilling at the most mature of these targets that cover the under-explored eastern extensions of the Rover and Tennant Creek fields, respectively.
Historical exploration within the company’s tenement holdings has been sporadic and disjointed, with many interpreted exploratory target areas potentially lying just beneath shallow masking cover.
King River Resources (KRR)
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