King River Resources Limited has returned peak surface rock chip assays of up to 44.3 g/t gold from structural mapping across the Mindoolah Gold Project in Western Australia.

Surface sampling at the Bertram’s prospect yielded peak assays of 44.3 g/t Au, 22.6 g/t Au, 8.96 g/t Au, and 3.06 g/t Au. The high-grade samples are associated with a northeast-southwest trending intrusive dyke contact corridor and stockwork vein arrays dipping at approximately 45 degrees.

Further sampling along the project area outlined additional high-grade structures. Assays at Le Soleil delivered 16.95 g/t Au and 8.96 g/t Au at mapped shear and banded iron formation junctions. Sampling 310 metres further north at Double Barrel Morepork returned 8.11 g/t Au along a magnetic high. At the Main Reef target, mapping identified a chlorite-altered tholeiitic intrusive dyke grading 1.15 g/t Au with elevated nickel, chromium, and iron, aligning with an untested 100-metre aeromagnetic high.

“These mapping and geochemical results significantly sharpen our understanding of the Mindoolah Gold System. Returning rock chips up to 44.3 g/t Au at Bertram's and 16.95 g/t Au at Le Soleil validates that high- grade gold is tightly coupled to well-defined structural corridors and intrusive contacts.”

— Graham Gadsby, Managing Director

King River Resources completed its first heritage survey at Mindoolah with the Wajarri Yamaji People to support the progression of priority exploration areas. The company also sold 13 million ordinary shares in Tivan Ltd during August, generating net sale proceeds of $3,290,089.

The company secured 100% ownership of the project after exercising an option in March following an initial acquisition agreement in February. Fieldwork and targeting are advancing toward a Phase 2 reverse circulation drilling program scheduled to commence in early October.

The stock closed at $0.088, rising 12.82% for the session.

Read the full announcement: High-Grade Gold Outlines Multi-System at Mindoolah