Killi Resources Limited (ASX: KLI) Identifies Significant IP Target at Baloo
IP Anomaly Discovery
Killi Resources Limited (ASX: KLI) has identified a significant induced polarization (IP) anomaly at the Baloo Prospect within its Mt Rawdon West Project in Queensland. The ground geophysical survey revealed a large-scale, shallow chargeable anomaly believed to represent a porphyry/intrusive system below a considerable surface gold-copper anomaly.
During a pole-dipole 3D IP survey, data was collected down to a depth of 500 metres over an area of 8.3 square kilometres. The results indicated a consistent chargeable feature across multiple survey lines, suggesting potential sulphide-bearing units associated with porphyry mineral systems.
Surface Reconnaissance
Surface reconnaissance and rock chip samples displayed stockwork veining textures typical of porphyry-epithermal mineral systems. Although the rock chips did not yield significant gold or copper grades, they showed elevated levels of pathfinder elements like arsenic and antimony, further indicating the potential for a porphyry system at depth.
Future Steps
Killi Resources plans to complete full 3D results and interpretations of the Baloo IP survey within the coming weeks. The final results from the Kaa Prospect drilling program are also anticipated by mid-December.
Kathryn Cutler, Chief Executive Officer of Killi Resources, expressed enthusiasm over the findings, stating, “The scale of the existing surface soil anomaly indicates the potential for a large-scale mineral system, and the IP results support the need for drill testing.” The company is optimistic about advancing to the next phase of drilling based on these encouraging developments.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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