Killi zeroes in on new copper-gold targets at Mt Rawdon West

IP survey lines 3600N and 4000N find significant gold-copper targets at Kaa prospect at Mt Rawdon West
Grades of up to 238g/t gold and 5.4% copper identified by the Gold Fields-backed explorer
1,000m diamond drilling campaign to kick off in the next few weeks

Special Report: Results of an induced polarisation (IP) geophysical survey show strong spatial associated gold-copper mineralisation within the Kaa prospect at Killi Resources’ Mt Rawdon West project in Queensland.

Multiple IP anomalies were shown to be coincident with known surface copper-gold mineralisation from work at the historical Wonbah Copper Mines and rock chip assay results at Killi Resources (ASX:KLI) Mt Rawdon West.

New discrete chargeable targets have been identified from surface across the 3600N and 4000N IP survey lines at the Kaa prospect, aligning with known high-grade surface mineralisation of up to 238g/t gold, 5.4% copper and 907g/t silver.

Those grades were found via IP line 3600N, which was completed sub-parallel to the recently mapped 1.8km-long high-grade copper-gold trend at surface.

Killi, ASX, KLI, Zeroes, Mt, Rawdon, West, Gold, Copper — The 3600N IP line results at Mt Rawdon West’s Kaa prospect. Pic supplied: (KLI)

Meanwhile, IP line 4000N – parallel to the 1.8km trend and 400m to the northeast – turned up a 1km x 400m chargeable sulphide anomaly which extends from just beneath the surface to 300m depth and remains open.

Wide mineralisation potential

KLI says the main Kaa anomaly extends from surface to depth to the north and remains open, providing a high-priority drill target for the explorer to test close to surface.

Likewise, the chargeable units beneath the high-grade rock chip assays present clear drill targets for Killi to test in the upcoming diamond drill program, planned to commence in August.

KLI CEO Kathryn Cutler says the IP survey exploration technique clearly works to identify sulphide units beneath the surface.

“With no existing drilling at this target, it’s vital we obtain all information available to us in order to ensure our maiden drill campaign is successful,” Cutler says.

“At surface we have been seeing visible copper mineralisation in the form of azurite, malachite and chalcopyrite.

“Mapping saw us understand the region has seen significant structural deformation, and the gossans and veins at surface returned high-grade assays, of 238g/t gold and 5.2% copper, which is not a common occurrence in outcrop.

“You normally have to drill a hole to hit a high-grade result like this.

“These geophysical results, in combination with our geochemical dataset and surface mapping, provide exceptional targets for the company to drill test, and we could not be more excited to get out there and complete the drill campaign in light of these results.”

What’s next?

A 1,000m drilling campaign will commence in the coming weeks to drill test the targets identified from the IP survey and beneath the high-grade copper and gold surface results.

Targets are shallow, with diamond drilling planned from surface.

The explorer completed a cap raise in July, cornerstoned by South African mining major Gold Fields and has a current cash position of ~$1.9m.

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.