Killi Resources has started drilling in the pursuit of gold and rare earth elements at its West Tanami project in WA.

Air-core (AC) and reverse circulation (RC) drilling will target the Raven prospect, which has quartz veins at surface, similar in setting to the Kookaburra gold mine 28km south along strike.

Drilling will target the extension of these structures at Kookaburra onto Killi Resources (ASX:KLI) tenure, which includes the Lyrebird prospect only 100m along strike from the tenement boundary and host to intercepts such as 12m at 5.0g/t gold.

The program also includes the first ever drilling for potential rare earth elements at the Trickster prospect.

Spending money in the ground

Diamond drilling (DD) is also underway, and will focus on a large-scale regional structure, ideal for hydrothermal fluids, with a similar geological setting to the Callie Gold Mine, 180km south along strike.

The company was successful in the most recent round of Exploration Incentive Scheme funding with the Western Australian Geological survey which will contribute up to $150,000 towards the diamond drill hole.

“This is a great project, with multiple gold and rare earth targets, which we believe have not been adequately tested to this point,” CEO Kathryn Cutler said.

“With a focussed approach we plan to spend our money in the ground to unlock the full potential.”

The drill rigs are expected to complete around 10,000m of AC/RC and around 800-1,000m of diamond core.

 

 

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.

Read MoreGoldGold NewsGold Stocks

Featured Companies

You might be interested in