Killi Resources has started a new reverse circulation program at an intrusive gold target in Queensland its CEO says is the best she’s ever drilled.

The RC drill drive at the Rocky prospect will be the first holes sunk in the 1.5km2 gold, silver, copper and molybdenum surface anomaly, a soil target potentially representing a large-scale intrusive related gold system.

Killi (ASX:KLI) identified the prospect at its Ravenswood North Au-Cu project in the Charters Towers region of North Queensland during the 2022 field season, including rock chip samples returning 173g/t silver and 0.55% copper, 56.3g/t gold and 0.43% copper and 224g/t silver and 0.28% copper.

If that’s not enough to get your juices flowing the prospect is located close to similar style deposits like the Mt Leyshon, Mt Wright and Ravenswood mines, which between them have produced almost 8Moz of gold and 2.4Moz of silver.

The new program will be the first holes drilled into the anomaly, with around 2000m of drilling planned.

“Rocky has proved to be a robust geochemical target that the exploration team has developed this year, and it just keeps delivering,” Killi CEO Kathryn Cutler said.

“It is by far the best-looking geochemical anomaly I have drilled, so we have been looking forward to getting the rig out there and completing the first holes into the target.

“All approvals have been received and we are thankful to all our stakeholders for helping us achieve this milestone.”

Rock chips have returned strong anomalies with the same geochemical signatures as major Charters Towers gold mines. Pic: Killi Resources

The drill down

Results are still pending for other soil and rock chip samples at Ravenswood North from the West Branch, Hawkeye and Success West prospects, due to be reported in the coming weeks.

The results from the current RC program are expected in early 2023, while results are also pending for around 7000m of aircore and 890m of diamond core from the West Tanami project, where recent drilling confirmed the presence of a similar style of mineralisation to the massive Callie gold mine.

At Rocky, the drill campaign will cover the prospect on 400m spaced drill lines, with 10 initial holes to be completed to a depth of 150-200m.

Killi has significantly improved the prospectivity of the Rocky target, building on two anomalous rock chip samples from previous explorers of 17g/t Au with 5g/t Ag and 16.19g/t Au with 7.16g/t Ag.

A soil program on a 100 x 100m grid over the intrusive unit identified in the target generation identified a potential alteration system anomalous in gold, silver and copper but also pathfinders like bismuth, molybdenum and tellurium, similar in signature to other systems in the Charters Towers region.

Further geochemical sampling, including Killi’s rock chips, extended the system 4km along strike southwest to northeast with the 1.5km2 anomaly in the centre.

Within the core three high tenor gold anomalies registered more than 200 times the background value for gold, with the program to initially cover the high tenor gold and silver anomalies found at the prospect.




This article was developed in collaboration with Killi Resources, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.