KGL Resources (ASX:KGL) Reports Final Results from 2024 Drilling Program
Drilling Program Overview
KGL Resources completed its 2024 drilling program with 75 holes totaling 23,037 meters across the Jervois Project. The program aimed to increase confidence in the Resource Model, extend project life at Rockface, Reward Deeps, and Marshall, and support the Feasibility Study Update.
Significant Copper Intersections
The results include strong copper mineralization in the deepest drill holes at Reward Main Lodes and Rockface, confirming depth extensions in Reward, Rockface, and Bellbird deposits. High-grade copper, lead-zinc, and silver intersections were also recorded at Bellbird North and Cox’s Find.
Future Exploration and Resource Expansion
Additional drilling focused on near-surface resources for potential open-pit mining, particularly at Reward East and Bellbird North. A discovery hole at Crowe’s Nest prospect highlighted the potential of the Western limb of the J-Fold, supporting ongoing efforts to expand the Jervois resources further.
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.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.