A new high grade zone of mineralisation at the Morley prospect will add value to KGL Resources wider Jevois project in the Northern Territory.
The mineralisation at Morley – including 14m grading 2.01 per cent copper and 7.7g per tonne silver from 17m – is parallel to areas of known mineralisation at the Marshall and Reward prospects.
The Morley trend is the latest discovery by KGL at Jevois, which also includes the Skies, Green Parrot, Marshall and Reward prospects. Recent reconnaissance reverse circulation drilling and geological mapping at East Reward confirmed mineralisation extended at depth.
Results included 4m grading 3.09 per cent copper, 0.54 per cent zinc, 28.2g/t silver and 0.08g/t gold from 485m; and 6m grading 1.71 per cent copper, 0.41 per cent zinc, 6.2g/t of silver and 0.04g/t of gold from 400m.
The mineralisation at Green Parrot, southwest of Morley, had its strike length increased to 1.1km with further assays due later in 2014.
KGL Resources managing director Simon Milroy said the Morley discovery highlighted the value of the greater Jevois project.
“This is very significant for the project because we have now identified four separate parallel trends of mineralisation at the northern end of Jervois,” Mr Milroy said.
“From west to east we have Green Parrot, Marshall-Reward, East Reward and now Morley.” Mr Milroy said results were still pending from other areas of mineralisation, including Cox’s Find, Bellbird deeps and Green Parrot, and further drilling was on track to begin in September.