ASX Release NEW HIGH GRADE COPPER LENSE AT BLIND CALF Kidman Resources Limited (“Kidman” or the “Company”) has received assay results from 5 further holes in the recently completed 19 hole RC drilling program at the company’s Blind Calf and Wilmatha projects in central NSW. Results from the remaining 8 holes are awaited. HIGHLIGHTS Kidman has now identified four high grade vertical Copper lenses at narrow spacing, open at depth. Further exploration continues. Significant New High Grade Eastern Copper lense 80m east of Dunbar lense. Results include - 12m @ 2.00% Cu from 75m (KC44) including 5m @ 3.02% Cu High Grade Copper mineralisation extended down plunge at Dunbar lense (KC42) by approximately 50 meters, still open at depth. Results include - 3m @ 2.41% Cu from 153m (KC42) including 1m @ 4.5% Cu IP survey completed – awaiting 3D inversion model Remaining assays for current drill program still pending with new drill program planned for December These significant results (Table 1) further confirm the Cobar style of mineralization at the company’s wholly owned Blind Calf prospect in the Cobar region of central NSW where mineralization is shear hosted in high grade lenses (>4% Cu) with narrow width and strong vertical plunge lengths. The intersection of a new high grade lense 80m east of the Dunbar lode is considered highly significant. This provides further confirmation of a Cobar style deposit which typically consist of multiple narrow high grade lenses observed at Glencores CSA Mine and YTC Resources Nymagee deposits. Drill hole KC44 was designed to target mineralization down plunge at the Dunbar’s lode. The drill hole was collared at -65 degrees to allow for lift similar to that experienced on surrounding holes but the trajectory 18th November 2011 Kidman Resources Limited (ASX: KDR) is an Australian listed company focused on the exploration and development of its Base Metal and Rare Earths discoveries in New South Wales and the Northern Territory. ASX Codes: KDR – Ordinary Shares KDRO – Listed Options Market Cap: $14.33m @ $0.33 per share (17/11/2011) Projects: Crowl Creek (100%) – Copper/Silver/Gold /Lead/Zinc – Lachlan Fold Belt, Central NSW Hale River (100%) – Rare Earths – Alice Springs NT Investment Highlights: - 23m @7.07% Cu from 24m at Blind Calf NSW prospect - Multiple Copper lodes identified at Blind Calf prospect open at depth - Follow up drilling program to test vertical continuity and near surface potential - Hale River rock chip sampling yielded up to 1.66% REO Issued Capital: 42,572,508 ordinary shares 10,601,252 listed options (20c Nov 2013) Directors: Garrick Higgins – Non Exec Chairman Shane Mele – Executive Director Andrew McIlwain- Non Exec Director Nicholas Revell – Non Exec Director Company Secretary: Melanie Leydin Principal Place of Business Suite 3, Level 4 12-20 Flinders Lane Melbourne VIC 3000 Phone: +61 3 9671 3801 Fax: +61 3 9671 2347 email: [email protected]Web: www.kidmanresources.com.au For personal use only
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For personal use only - ASX2011/11/18 · Shane Mele – Executive Director Andrew McIlwain- Non Exec Director Nicholas Revell –Non Exec Director Company Secretary: Melanie Leydin
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ASX Release
NEW HIGH GRADE COPPER LENSE AT BLIND CALF
Kidman Resources Limited (“Kidman” or the “Company”)
has received assay results from 5 further holes in the
recently completed 19 hole RC drilling program at the
company’s Blind Calf and Wilmatha projects in central NSW.
Results from the remaining 8 holes are awaited.
HIGHLIGHTS
Kidman has now identified four high grade vertical
Copper lenses at narrow spacing, open at depth.
Further exploration continues.
Significant New High Grade Eastern Copper lense
80m east of Dunbar lense. Results include
12m @ 2.00% Cu from 75m (KC44) including
5m @ 3.02% Cu
High Grade Copper mineralisation extended down
plunge at Dunbar lense (KC42) by approximately
50 meters, still open at depth. Results include
3m @ 2.41% Cu from 153m (KC42) including
1m @ 4.5% Cu
IP survey completed – awaiting 3D inversion
model
Remaining assays for current drill program still
pending with new drill program planned for
December
These significant results (Table 1) further confirm the
Cobar style of mineralization at the company’s wholly
owned Blind Calf prospect in the Cobar region of central
NSW where mineralization is shear hosted in high grade
lenses (>4% Cu) with narrow width and strong vertical
plunge lengths.
The intersection of a new high grade lense 80m
east of the Dunbar lode is considered highly
significant. This provides further confirmation of a
Cobar style deposit which typically consist of
multiple narrow high grade lenses observed at
Glencores CSA Mine and YTC Resources Nymagee
deposits.
Drill hole KC44 was designed to target mineralization
down plunge at the Dunbar’s lode. The drill hole was
collared at -65 degrees to allow for lift similar to that
experienced on surrounding holes but the trajectory
18th November 2011
Kidman Resources Limited (ASX:
KDR) is an Australian listed company focused on the exploration and development of its Base Metal and Rare Earths discoveries in New South Wales and the Northern Territory.
of the hole stayed relatively straight. As a result the hole didn’t reach the target zone, but it did
intercept a new high grade copper lense (Thomas) approximately 80m East of Dunbars.
This provides Kidman with a fourth significant Copper lense in the Dunbar/Blind Calf region. KC44
intercepted 12m @ 2.00% from 75m including 5m at 3.02% Cu. The Company will extend
KC44 with diamond drilling to test the original target zone, and also plans to test the down plunge
and lateral extent of the new Thomas copper lense during the next phase of drilling which is planned
to commence as soon as the results of the IP survey become available (1-2 weeks).
Further to the success of drillhole KC44, the company is also very pleased to announce that drill hole
KC42 extended the high grade copper mineralisation down plunge by a further 50 meters at
the Dunbars lode with 3m @ 2.41% Cu from 153m including 1m @ 4.5% Cu. As drill hole KC42
was collared at -60 degrees it lifted slightly therefore the intersection is close to true width.
Figure 1. Long Section – Blind Calf Prospect with previous and current best drillhole intercepts
Blind Calf is located approximately 60km north west of Condobolin in central NSW. The Company
has completed an RC drilling program designed to test extensions to the copper mineralization
discovered at the Dunbars and Blind Calf lodes (Refer to Figure 1). These lodes are two of several
copper lodes identified at Kidman’s Blind Calf prospect.
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As well as drill testing the Dunbars and Blind Calf lodes the company also undertook drill testing
around E Bowketts shaft, located to the south of Blind Calf, and first pass drilling at the company’s
nearby Wilmatha tenement. Wilmatha is located approximately 12km east of Blind Calf and 8 RC
drill holes have been completed in the current program. The drilling at Wilmatha will test beneath
historic shallow copper workings where rock chip samples from nearby dumps assay up to 7%
copper and 13g/t silver.
The remaining assay results from the holes in the Wilmatha drilling program are expected to be
received within the next few weeks.
The Company has recently completed an IP survey at the Blind Calf Prospect. The IP survey covers
an area of 1.5 x 1.2km containing all currently known copper lenses within the Blind Calf Prospect.
The data will be processed by a consultant geophysicist who will provide Kidman with a 3D inversion
model. Results of this survey are expected to be available within 1-2 weeks.
Table 1. Recent Significant Drill Results (intervals are downhole widths)
HOLE ID FROM
(m) TO (m)
INTERVAL (m)
Cu (%) Ag (g/t) Au (g/t) Target
KC33 92 102 10 2.8 3.8 0.2 Dunbar Lode
including 92 97 5 5.1 6.7 0.4
KC35 109 110 1 1.4 Blind Calf Lode
KC36 141 148 8 2.75 3.2 NSR Blind Calf Lode
including 143 147 4 4.0 4.7 NSR
KC37 25 27 2 1.2 Dunbar Lode
KC39 45 46 1 1.15 E.Bowketts
KC40 4 7 3 0.4 NSR NSR Dunbar Lode
KC41 Results await Wilmatha
KC42 153 156 3 2.4 3 NSR Dunbar Lode
KC43 Requires ext. Blind Calf Lode
KC44 75 87 12 2.0 2.2 NSR "New" East Lense
including 81 86 5 3.0 3.56 NSR
KC44 Requires ext. Dunbar Lode
KC45 Results await Wilmatha
KC46 Results await Wilmatha
KC47 Results await Wilmatha
KC48 Results await Mahgalore
KC49 Results await Mahgalore
KC50 Results await Mahgalore
KC51 Results await Mahgalore Drillhole location and survey still subject to verification. Blind Calf assay intervals are riffle split on 1m intervals and assayed by ALS Minerals using 4-acid digestion followed by ICP-MS or ICP-AES
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Figure 2. Dunbar Cross Section – Latest Intercepts and “New” east lense