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King River Resources Ltd T.KRR.W


Primary Symbol: KRCLF

King River Resources Limited is an Australia-based exploration and mining company. The Company operates through two segments: ARC High Purity Alumina (HPA), and Exploration and Evaluation. ARC HPA Project segment develops the ARC HPA process and precursor compound to produce HPA. Exploration and Evaluation segment is engaged in exploration and evaluation activities of its gold projects in Australia. The Company’s projects include Rover East Project, Tennant Creek East Project, Barkly Project, Mt Remarkable Project and Kurundi Project. The Mt Remarkable Project is located 200km southwest of Kununurra in the East Kimberley, Western Australia and covers over 2,100 square kilometers of adjacent and/or nearby granted exploration licenses. The Tennant Creek Project is located to the East, Southeast and South of the rich historic goldfields of Tennant Creek comprising gold-copper exploration leases and applications measuring some 6,000 square kilometers.


OTCPK:KRCLF - Post by User

Post by Geodan2on Sep 08, 2020 12:25pm
487 Views
Post# 31520520

Best areas of HGO were avoided in past, under the salt

Best areas of HGO were avoided in past, under the salt
Was thinking about the following topic they mentioned:    The bulk of the eastern margin of the Higginsville project area is largely unexplored, sitting under the Lake Cowan salt lake. The impact of the salt lake on the location of historical mining at Higginsville shows a clear bias to land-based deposits compared to deposits located on salt lakes (under-cover). The higher cost and drill-access difficulties have previously deterred explorers from assessing the potential for new gold deposits under the salt lake. Recent salt lake discoveries in the region include Karora's Baloo deposit (2015 – 264,000 ounces)1 and St Ives' Invincible deposit (2012 – 1.3 million ounces)2 that highlight the potential that exists under this terrain.
 
Preliminary observations from the images produced to date show significant, and well-recognised structural trends and fault-offsets known to be associated with economic primary mineralization plus substantial paleochannel systems linked with known resources.
 
A desktop targeting study has commenced with the aim of designing a drill program based on the interpreted priority targets. The targeting is planned for completion next quarter with drilling commencing in the fourth quarter of 2020.    
 
My take is in region the best depositions (like beta Hunt) are low not high. Unlike Andes with many great deposition over 10,000' high, this region the lowest lying areas tend to be the best. It is ancient crust over a billion years old and the deposits were formed in deep ocean floors, So it makes sense the best would be low or even below salt lakes (lowest).  Been thinking there is great potential under salt lakes, they are thinking the same. 
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