Exceptional drill results from King of the Hills
Konrad Forrest
Red 5 Limited advised today that underground drilling at the recently commissioned King of the Hills (KOTH) Gold Mine, part of the Company’s Eastern Goldfields gold mining hub operations in Western Australia, has delivered positive results, further defining current Ore Reserves that underpin the FY23 and FY24 mine plan and identifying new targets for potential Resource extensions. The significant assay results, received from 45,154 metres of underground drilling undertaken during CY2022, have been recorded across several key mining areas in the KOTH Underground
- 25.3m at 5.85g/t from 75.5m (KHRD0633)
- 152m at 2.77g/t from 21m (KHRD0636)
- 38.5m at 5.97g/t from 72.5m (KHRD0642)
- 6.8m at 35.06g/t from 150.5m (KHRD0685)
- 62m at 6.33g/t from 24m (KHRD0689)
- 24.5m at 14.07g/t from 140.5m (KHRD0776)
- 3.4m at 49.4g/t from 73m (KHRD0851)
- 5.8m at 100.9g/t from 85m (KHRD0855)
- 10m at 79.62g/t from 160.5m (KHRD0868)
Managing Director of Red 5, Mark Williams, said: “These impressive drill results provide further support for our mine plan over FY23 and FY24, as well as opening up potential new mining areas for the future. “King of the Hills is an enormous orebody, with significant areas remaining relatively undrilled, providing excellent potential for continued growth.”