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KGL Resources Limited (ASX:KGL) is pleased to announce a Pre-Feasibility Study (PFS) update for KGL's 100% owned Jervois copper project in the Northern Territory. The studies show Jervois as a technically and commercially feasible project with strong upside from additional planned drilling and metallurgical work.
KGL Resources (ASX:KGL) is pleased to announce that resource definition drilling at Bellbird and Marshall has continued to intersect shallow, high-grade copper mineralisation.
Simon Milroy, the Managing Director of KGL Resources comments “these additional results from the resource definition program, and in particular the gold intersections are particularly pleasing because they are from within the newly optimised pit shell at Reward and will further improve the mining economics’.
KGL Resources Limited (ASX:KGL) announce a program of DHEM was conducted by Gap Geophysics in several holes at Marshall and Reward prospects using a DigiAtlantis sensor with HPTX70 transmitter system. The results of these surveys have been analysed and modelled by Newexco to generate targets for future drilling.
In May-June 2014 KGL Resources (ASX:KGL) completed a 177 hole reverse circulation program at Jervois for 9,653m. The drilling program was designed to improve delineation of shallow mineralisation and to improve interpretation of the oxidation boundaries within the regolith profile prior to a resource update.
During the quarter, KGL Resources Limited (ASX:KGL) reported very high grade near surface intersections from drilling at the Jervois Copper-Silver-Gold Project in the Northern Territory.
