24/02/2021 - 11:44

King River serves up high-grade Kimberley gold

24/02/2021 - 11:44

Bookmark

Save articles for future reference.

ASX-listed explorer King River Resources says drilling has unearthed its richest, high-grade gold vein outside of the Trudi Main prospect at its Mount Remarkable gold project in WA’s north-east Kimberley region. The first high grade, reverse circulation gold hit at its Jennifer North vein returned 2m at 8.44 g/t gold which included 1m going 14.8 g/t, within an overall 5m zone grading 3.45 g/t gold.

ASX-listed explorer King River Resources says drilling has unearthed its richest, high-grade gold vein outside of the Trudi Main prospect. The gold lode at its Mount Remarkable project in Western Australia’s north-east Kimberley region remains open at depth and along strike. Its first high grade, reverse circulation gold hit at the Jennifer North vein returned 2 metres at 8.44 grams per tonne gold, including 1m going 14.8 g/t, within an overall 5m zone grading 3.45 g/t gold.

The latest gold-rich intercept at Jennifer North is some 3 kilometres southwest of the main Trudi vein and around 1km shy of the Jennifer South vein. Their proximity to each other sets up the potential for more encouraging results as King River continues with its exploration of auriferous epithermal quartz veins around the region.

King River’s ground sits amongst a bevy of projects chasing the gold-rich trends that criss-cross more than 200kms of strike length along the south-eastern edge of the Kimberley craton, in WA’s top end.

The Perth-based gold hopeful said its 2020 drilling campaign had also unearthed a new high-grade gold zone to the west of the Trudi Main epithermal quartz vein deposit.  One stand-out intersection in the western sector of Trudi Main was 6m grading 5.25 g/t gold, including 1m at a tad under an ounce to the tonne.

Result from drilling also produced 6m going 5.25 g/t from 8m including 1m at 30.1 g/t from 9m down-hole hit came from 5m RC grid drilling on the western portion of the Trudi Main prospect’s vein deposit.

The Tony Barton-led King River recently finished drilling a total of 33 RC holes for an aggregate of 2,310m at Mount Remarkable and all assays are now in.

Interestingly, the company appears to have tagged an offsetting, easterly extension of the Trudi vein at its aptly named Trudi Offset prospect.  One hole approximately 150m east of the main Trudi deposit hit 2m at 0.15 g/t gold and 4m at 0.33 g/t, including 1m at 0.67 g/t gold, within an overall zone of 13m grading 0.13 g/t.

The best of the bunch of recent gold hits at Trudi Offset, announced just last month, included one drill hole with 2m at 2.87 g/t and 1m at 4.34 g/t gold.

According to King River, much of the gold lode hit in its drill holes remain open at depth and along strike, pointing to a fertile high-grade gold system at Mount Remarkable.

Drilling undertaken by King River back in 2018 returned a clutch of spectacular near-surface, high-grade gold hits including a cracking RC hole that went 4m grading 113.29 g/t including 1m at 346 g/t – or more than 10 ounces to the tonne – and a diamond hole unmasking 6m at 60 g/t gold including 2.8m at 108 g/t.

King River will no doubt be focussing on chasing more sweet spots of high-grade gold as it vectors in on any other vein offsets it can uncover up in the Kimberley.

 

Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options