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Killi Resources’ Mt Rawdon gold and copper project granted and ready to be drilled
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Killi’s exciting and strategically located tenement (EPM) 27828, known as the Mt Rawdon West Project prospective for gold and copper has been granted, situated just north of Evolution Mining’s (ASX:EVN) Mt Rawdon Gold Mine.
The company received notification from the Queensland Government following the successful negotiation of access and heritage agreements with the determined Native Title holders.
Prime location
Killi (ASX:KLI) chief executive officer Kathryn Cutler said the project is in a prime position within the historical Mt Perry Goldfield.
“The exploration team is itching to get out and drill test the two gold-copper targets at Baloo and Wonbah,” she said.
“In the meantime, we will be increasing our geological understanding of the project area with field mapping, geochemical sampling and an AEM geophysical survey.”
What’s next?
Geochemical and structural targets have been identified and are ready to drill test with the extension of the Nicko’s Reward structure into Killi ground a priority target to follow up the 56m at 1g./t gold on the western margin of the project.
This is where previous hits of 56m at 1g/t gold from surface, including 4m at 4.82g/t gold from 8m and 26m at 1.41g/t gold from surface, including 6m at 2.19g/t gold from 6m have been returned.
Field work programs will begin once access is confirmed with landholders with surface mapping and a rock chip geochemical program planned to establish specific lithologies of intrusive units.
An airborne EM survey will further delineate exploration targets over the project, by identifying potential intrusive bodies after a 5,000m air core program follows on from the geochemical work to test two previously identified gold and copper targets at Baloo and Wonbah.
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.
