Killi Resources dives in to hunt for golden riches at Ravenswood North in 28Moz gold field

Killi Resources has kicked off its field season at the Ravenswood North gold project, seeking the same rich intrusive-style mineralization that has endowed the famous Queensland gold district with almost 30 million ounces of the precious metal.

Bullion is on the mind at recently-listed Killi (ASX:KLI), which will begin with a ~550 sample program of soil sampling across its Hotspur, West Branch, Rocky and Success West gold prospects.

It’s one of the best postcodes for a rich gold discovery, surrounded by major gold deposits with Ravenswood, Charters Towers, Mt Leyshon, Mount Success, Mount Wright and Far Fanning all within 50km.

But there is more than just nearology in play here. Killi has identified four magnetic lows in airborne magnetics that hint at the potential for big intrusion related gold structures.

“We are really pleased to be on the ground in Queensland starting our first exploration program for the 2022 field season,” Killi CEO Kathryn Cutler said.

“Given the district we are in and the proximity to multi-million ounce gold systems within 50km, we are very excited to explore this project and understand the significance of our highly prospective magnetic anomalies.”

“The results of this campaign will assist us in prioritising the most prospective areas which will be the subject of further exploration in the near future.”

Geochem anomalies light up

It’s not just the airborne magnetics that have Killi keen to explore at Ravenswood North.

The project also contains historical Geochem rockchip samples from exposed outcrop and subcrop, along with sporadic soil and stream sediment sampling.

Desktop work by Killi over the first half of 2022 picked up multiple gold and copper targets, with further geochemical sampling to follow up some of those intriguing results.

At Hotspur, in the north of Ravenswood’s 580km²tenement package, historical rock chip samples have picked up values of up to 5.1g/t gold, 1620ppm copper and 66,000ppm lead along with a more than 10ppb gold soil anomaly striking north over a broad 900m by 300m area.

Reinterpretation of airborne magnetics has established a pull-apart structure with an associated magnetic low, which could have intrusive unit bearing gold potential.

While Hotspur will be the first soil grid system to be completed, the West Branch in the north-west corner, Rocky, has two circular low magnetic signatures that will also be tested.

Those include one system as large as 700m x 700m, with a rock chip sample of 17.4g/t Au and 3,420ppm Cu.

In addition, The Success West Prospect “sits on the margin of the mining tenement in the centre of the project, with half the interpreted intrusive located on the Killi tenement”, the company said.

After the sampling program, Killi plans to complete a rock chip program over the remaining three tenements at Ravenswood North and surface mapping to establish priorities for upcoming exploration, as well as a VTEM survey earmarked for June/July.

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.