KGL Resources (ASX:KGL) Reports Discovery at Crowe’s Nest
Exploration Success
KGL Resources (ASX:KGL) has announced the successful drilling of hole KJC684 at Crowe’s Nest, confirming a new mineralized body with brecciated IOCG characteristics. The discovery of a magnetite body with associated copper supports the Jervois Fault as a primary pathway for mineralized fluids across the Jervois Project.
Geological Insights
The western limb of the J-Fold exhibits strong geophysical signatures, suggesting high prospectivity. Detailed geological analysis indicates a fluid migration model involving a deep, felsic intrusive source intersecting the Jervois Fault, facilitating mineralization. The fold’s U-shape, rather than the previously thought J-shape, was also identified.
Future Plans
KGL Resources plans to conduct downhole electromagnetic surveys and update its 2025/2026 exploration plan. Further exploration will focus on the western limb of the J-Fold, with potential for deeper diamond drilling depending on the survey results and exploration priorities.
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 recommended BHP Group. 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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