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King River Resources recommences drilling at Mt Remarkable Project

Published: 22:25 15 Oct 2019 EDT

King River Copper Ltd - King River Resources recommences drilling at Mt Remarkable Project
A new ground magnetic survey will also be conducted to the east of The Trudi vein

King River Resources Ltd (ASX:KRR) will restart drilling at the Mt Remarkable Project in WA over the next 24 hours.

A reverse circulation (RC) drill rig is on site and the current budgeted drill program allows for 2500 metres of drilling (about 30 holes). This program may be further expanded depending on outcomes.

The drilling will commence on recently identified vein targets whilst new drill pads will be finalised for the drill testing of Trudi extensions and the Jennifer Vein.

A new ground magnetic survey will also be conducted to the east of The Trudi vein where the structure is currently interpreted to trend off under hill cover.

Speewah Specialty Metals Project

King River is continuing to work with its engineer and consultants on delivering a PFS for its 100% owned Speewah Specialty Metals Project in WA.

Management noted that the ongoing technical studies and refinements to process routes continue to optimise metal recoveries and are pointing towards further potential reductions in operating and capital costs.

Furthermore, management also said the recent success with close-spaced drilling on a section of the granted mining leases will be most beneficial in the start-up phase of future operations.

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