Extension drilling has confirmed the continuity of the mineralized zone between the Bellbird and Bellbird North deposits at KGL Resources’ Jervois copper-silver-gold project in the Northern Territory of Australia.

Results from the first batch of drilling also indicate that mineralization remains open at depth and delineate a new zone of copper, lead and zinc mineralization to the east of Bellbird.

Best results include: 5 metres from 375 metres @ 3.9% copper, 11.1 grams/tonne silver and 0.9 grams/tonne gold; 3 metres from 106 metres @ 1.79% copper, 7.1 grams/tonne silver and 0.23 grams/tonne gold; 2 metres from 219 metres @ 2.25% copper, 20.4 grams/tonne silver and 0.22 grams/tonne gold; and 3 metres from 137 metres @ 1.88% copper, 10.1 grams/tonne and 0.26 grams/tonne gold.

In addition, the new copper, lead and zinc zone corresponds with surface exposures of ferruginous schist with malachite staining that extends from the Rockface prospect to the southeast. Further field work and possibly drilling is planned to assess the significance of this new trend. Drilling is continuing at the Reward and East Reward zones.

Resource extension drilling commenced in September 2013 with the aim of extending the mineralization beyond the 2012 resource boundary and the current resource of 170,000 tonnes of copper and 11 million ounces of silver.

Drilling, which was conducted on an 80 metre by 50 metre grid that is sufficient to support an inferred resource, was designed to test for extensions below the pit and between Bellbird and Bellbird North. This has confirmed the continuity of mineralization between Bellbird and Bellbird North though the grade and thickness of copper mineralization is variable.

Phase 2 of the resource extension program commenced in March and is scheduled to continue into May. Five phase 2 holes are planned at Bellbird to extend and in-fill existing drill coverage. One hole will be drilled to test a possible sulphide shoot plunging steeply north under a previous hole and a diamond hole will be drilled at Bellbird North to extend a lens of high-grade lead-zinc mineralization.

The diamond drill rigs are currently drilling at the northern end of the Reward and East Reward zones and will then move to test for further extensions of the high grade silver, lead and zinc mineralization at the southern end of the Marshall zone.
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