KGL Resources Limited reported the final assay results from a recently completed 23-hole drilling program, testing brownfields targets within and nearby the Reward Deposit, at Jervois.
The 4 holes in this program were drilled to follow up on a previous intersection from the Reward Gap which had not been incorporated in the latest mineral resource model. A secondary aim was to increase the confidence in the Reward East Lodes, with drilling results confirming a high-grade intersection of copper. Two holes were drilled to test the depth potential of the Marshall Lode at Reward. The deepest hole, KJCD529 yielded the best results. The first mineralised interval corresponds with the downwards projection of the Marshall Lode. The results of the two Marshall deeps holes are listed in Table 2 below. Note the intervals of gold mineralisation that occur separately to the main copper lodes in KJCD529. The results of KJCD529 are important as they demonstrate a continuity of the copper mineralisation at depth, in the southern part of Reward. The results enhance the prospectivity of the nearby IP and gravity
anomalies at depth and to the south. Eleven holes were drilled to test extensions of the Reward deposit along strike to the south at shallow to intermediate depth. The program was designed to intersect possible extensions of high-grade silver and polymetallic base metal mineralisation discovered and reported in 2020. These results coupled with the DHEM geophysics indicate limited potential of the high-grade silver shoot. Six drill holes were drilled to test extensions of the Reward deposit along strike to the north at shallow to
intermediate depth. The targets were based on several historical copper intersections and some encouragement from the MIMDAS IP. The strong rationale of this program, and indeed the Reward South program, was their relative proximity the planned mining Reward operations. The drilling has confirmed the structure and orientation on the mineralisation and
that the overall tenor is similar to the historical drilling. No additional drilling is currently proposed for this target.