Killi has started spinning the drill rig at the first two holes of its planned 10-hole drill program at Kaa. Getty Images.
Killi gets busy drilling gold-copper at Kaa prospect
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- An up-to 10-hole maiden diamond drilling program has started at the Kaa prospect
- Campaign funded with recent $2m cap raise
- IP survey planned to start at Baloo target in Q4
Special Report: Killi Resources has started spinning the diamond drill bit at Mt Rawdon West in Queensland with an up-to 10-hole program at the high-grade Kaa gold-copper prospect.
Killi Resources (ASX:KLI) recently confirmed a new 1.8km-long epithermal gold-copper system exposed at surface and open along strike near the 1.8Moz Mt Rawdon deposit, which is operated by ASX gold giant Evolution Mining (ASX:EVN) .
To date, only rock chip samples have been collected at the prospect, with no drilling ever completed.
The surface sampling reported maximum assay results of 238g/t gold, 585g/t silver, 2,860ppm bismuth, 5.35% copper and 3.58% antimony.
Drilling at Kaa
Drilling will focus on Kaa’s identified 1.8km mineralised trend and beneath the 238g/t gold rock chip sample it picked up – a discovery which shot the company’s stock price up 79% at the time.
IP anomalies and resistive structures have been delineated from survey results into targets within 200m from the surface.
Funds from KLI’s recent $2 million cap raise will also be used for an IP survey at the Baloo target, pegged to commence in Q4 this year.
The survey will cover a determined 2.5km x 1.8km copper-gold-molybdenum soil anomaly, with results to provide drill targets for a future exploration program.
“These are the first ever drill holes into the Kaa target and we couldn’t be happier to be on the ground testing the targets at Kaa for a wholly new gold-copper system,” KLI CEO Kathryn Cutler says.
“We look forward to keeping the market informed on our progress in the coming weeks and months.”
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.
