Soil sampling to show Killi the way to unlock Ravenswood North prospects
Killi has completed a soil sampling campaign at its Ravenswood North project that followed-up on historical geochemical sampling which returned up to 280ppb from stream sediments.
The company collected 438 samples over the West Branch, Rocky and Mount Success West magnetic low features that have been interpreted as intrusive units.
Killi Resources (ASX:KLI) also completed reconnaissance mapping during the soil sampling that covered outcrop and drainage channels.
“This is a positive step in the right direction for exploration at the Ravenswood North Project in Queensland,” chief executive officer Kathryn Cutler said.
“We are keen to receive the assay results from this program and incorporate the results into our exploration pipeline to further add to this underexplored yet highly prospective project.”
The sampling program also followed up on gold anomalism from historical soils samples of 105 parts per billion and 280ppb gold in stream samples taken by Marathon Petroleum Australia in 1978.
This is located within the Burdekin Basin, a highly prospective geological setting for mineral systems deposition.
However, the remaining sampling at Mount Success West was postponed and will be included in the additional soil program scheduled for mid-2022 due to ongoing heavy rain.
Killi added that outcrops of tonalite with quartz-chlorite-hematite veinlets were observed in creeks and may be associated with the gold anomalism, noting that further review of historical exploration and surface sampling is required.
Following from the geochemical program, the company plans to complete additional rock chip sampling over the remaining three tenements as well as surface mapping.
This will assist with prioritising targets for future work.
It has also secured a contractor to carry out a VTEM geophysical survey in June or 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.