An Australian gold exploration and resource development company has recently finished a maiden drilling program at its Ti Tree project in Northern Territory. The company, King River Copper Ltd. (KRC), is based in Brisbane and is working to develop a gold resource at its Ti Tree project.
The Ti Tree Gold-Antimony Project is one of the most promising projects in the Northern Territory. The project has large prospectivity and numerous historical drill results have indicated the potential for a larger gold deposit at the site.
KRC has completed a total of 8 drill holes as part of its maiden drilling program. The program was designed to test the potential for large scale gold deposits beneath the surface of the Ti Tree area.
The drill holes were drilled to depths ranging from 115m to 180m. The program was undertaken at the company’s Te Bong, Mitchell,Robertson and Storehouse targets.
Using high-tech data acquisition systems, the team has identified mineralized zones that could potentially contain a larger gold deposit. Early results are very encouraging and show potential for the development of a significant resource within the Ti Tree project.
KRC CEO Rob Ryan said he was very pleased with the results of the maiden drilling program and the potential that it provides for the development of a large scale gold deposit.
“I am pleased to have confirmed the potential of Ti Tree,” Ryan commented.
“Our team has made excellent progress on the exploration of the Ti Tree project, and I look forward to continuing to develop the potential for a large-scale gold deposit in the region.”
KRC will now move on to further exploration, including geological mapping, soil sampling, and trenching. If KRC is able to develop the potential for a larger gold deposit at the Ti Tree project, it could have a significant impact on the Northern Territory economy.
The results of the maiden drilling program are an exciting step in the development of this high-potential project. If KRC is successful in developing a larger gold deposit at the Ti Tree project, it could provide much-needed economic stimulation to the Northern Territory.
