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Kentor Gold returns high grade copper from Jervois project
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Sunday, 13 May 2012

Kentor Gold has intersected high grade, near surface mineralization at the company’s Jervois Copper Silver Gold Project in the Northern Territory supporting the decision to fast track a Feasibility Study.

Two diamond rigs and one reverse circulation rig are in operation at Jervois with the first results from the 2012 program at the project confirming open pit mining potential.

Assays from the drilling program so far include a highlight intercept of:
1. 33.8 meters at 1.79% copper, 0.28% lead, 0.34% zinc, 28.48 grams per tonne silver and 0.29 gram per tonne gold from 17.6 meters including 13.2 meters at 3.39% copper, 0.19% lead, 0.32% zinc, 43.29 gram per tonne silver and 0.56 gram per tonne gold.

Drilling at Jervois is designed to increase confidence in the project as Kentor moves rapidly towards a Feasibility Study. The decision to fast track feasibility follows last month’s Scoping Study which found that Jervois would be a robust project producing strong financial returns and examined annual processing rates of 1.5 million tonnes per annum, 2 million tonne per annum and 2.5 million tonne per annum.

Groundwater investigation work will commence this month with the aim of confirming the proposed locations for water bores in advance of permitting. Potential acquifers in the Arunta domain in which the mine sequence is located and Georgina Basin Sediments will be tested to establish a sustainable water supply for the project.

Mr Simon Milroy MD of Kentor said that that the company was spending the first three months of the Feasibility Study on drilling. The drilling’s serving three purposes, one is to source some metallurgical testwork samples for the Feasibility Study, the second is to infill and upgrade the Resource, and the third is extensional drilling, so down depth and along strike from the existing resource to increase the size of it. We think the Resource has got a lot of upside so what we want to do is do all the drilling then do a Resource upgrade.”

He said that so far, 3,044 meters of the planned 10,447 meters of reverse circulation drilling has been completed, along with 2,926 meters of the planned 5,459 meters of diamond drilling. The near surface nature of the first assay to be returned was particularly promising for the Jervois project. This is the very upper end of the ore body you’re looking at just the top of a very large ore body.

Source - Kentor Gold


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