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King River Copper Ltd's new drilling to start within days


King River Copper Ltd (ASX:KRC) will commence a reverse circulation drilling program at the end of this week following up high-grade targets in the Kimberley region of Western Australia.

The current plans are to commence with shallow holes at the Chapman West quartz sub crop before moving the rig north to test numerous targets within the JoeFisher VTEM area.

Field sampling in July identified an epithermal quartz vein outcrop along the Chapman West trend that returned an assay 29.7 g/t gold.

A surface rock subcrop at the JoeFisher VTEM target north of Chapman assayed 1.75% copper.

The current budget is for 4,100 metres of drilling at 10 different target locations, but the volume of metres will likely be expanded depending on outcomes.

Planning is also being made for an additional multi-purpose drilling rig to be mobilised to the Speewah site during the month of October. 

King River is trading up 270% over the past month, currently at $0.026.


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Quick facts: King River Resources Ltd

Price: 0.033 AUD

Market: ASX
Market Cap: $51.27 m

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