King River Resources Ltd (ASX:KRR) Announces 2024 Drilling Results
Exploration Results
King River Resources Ltd (ASX:KRR) has released its 2024 assay results, encompassing Phase 2 Kurundi drilling and Kurundi Regional targets. The company completed 36 RC holes totaling 2,472 metres at Kurundi Phase 2, with significant gold intersections and new mineralised structures identified.
Kurundi Main Drilling
Deeper drilling at Kurundi Main intersected 11 metres at 0.69 grams per tonne (g/t) gold from 69 metres, including 1 metre at 3.39 g/t Au and 1 metre at 2.54 g/t Au in hole TTRC175. Infill drill hole TTRC176 returned a high-grade gold result of 7 metres at 5.8 g/t Au, which includes 3 metres at 11.9 g/t Au and 1 metre at 26 g/t Au. These results confirm the southerly plunge to high-grade mineralisation and highlight the strong structure of the Kurundi zone.
Kurundi Regional Targets
In the Kurundi Regional area, geochemically anomalous ironstones were discovered at Millers, including 1 metre at 0.7% copper (Cu) and 1% sulphur (S). Drilling at Tarragans returned anomalous gold mineralisation from multiple structures, with results up to 1.17 g/t Au. These findings suggest significant potential for further exploration and resource expansion in the region.
Future Drilling Plans
King River Resources plans to continue its exploration efforts in 2025, targeting new zones such as Kuiper and Rover East. The company expects to generate additional drill targets as it processes and interprets the 2023 geophysical and 2024 assay results, with updates to be provided progressively.
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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