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King River geophysics lights up new WA gold targets
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The West Australian
A high-resolution magnetic drone survey has lit up a bag of new high-priority gold targets for King River Resources at its Mindoolah project in Western Australia after unveiling a series of previously unrecognised structural corridors and alteration zones.
King River only acquired the Mindoolah project, located about 70km north-west of Cue, in February this year and has since wasted no time in applying modern exploration techniques to the ground.
A drone LiDAR survey and volumetric analysis conducted by King River in May identified a major mismatch between official historical production records and the amount of material actually dug up.
Notably, King River is funding its exploration push at Mindoolah by methodically selling down its significant shareholding in Tivan Limited valued at $26.55 million as at June 30.
With its foot firmly on a package of highly prospective ground in the Murchison, King River has quickly moved from acquisition to target generation.