Kurundi Drilling Yields 4m at 1.43g/t Au; Kuiper Soil Sampling Shows IOCG Anomalies

Exploration Momentum Builds at Kurundi

King River Resources Ltd (ASX, KRR) has delivered encouraging exploration results from its Northern Territory Tennant Creek projects, notably at the Kurundi gold prospect. During the April 2025 reverse circulation (RC) drilling campaign, the company completed 942 metres across 13 holes, targeting extensions of known high-grade gold zones and a newly identified mineralised structure northeast of Kurundi Main.

Assay results from this new structure returned a standout intersection of 4 metres at 1.43 grams per tonne (g/t) gold, including 2 metres at 2.79 g/t from shallow depths. This discovery lies beneath historical underground workings and is surrounded by an extensive area of historic alluvial gold scrapings, suggesting further mineralisation remains to be delineated. While the orientation and depth extent of this structure remain uncertain, the results underscore the prospectivity of the area and justify further drilling.

Kuiper IOCG Targets Show Geochemical Promise

Complementing the Kurundi results, soil sampling at the Kuiper iron oxide copper gold (IOCG) targets has revealed significant geochemical anomalies. These ionic leach soil results, conducted under approximately 10 metres of Cambrian cover, detected key pathfinder elements such as gold, copper, bismuth, silver, and arsenic. Particularly notable is the bismuth anomaly at Kuiper West, which aligns closely with gravity and magnetic geophysical targets and is a recognized indicator of IOCG mineralisation in the Tennant Creek region.

The Kuiper targets sit within a magnetic trend interpreted as part of the Warramunga Formation, a geological corridor known for hosting major IOCG deposits like Emmersons Hermitage. Historical drilling nearby has confirmed shallow cover over prospective rocks, further validating Kuiper’s potential. Drilling at Kuiper is scheduled to commence imminently, marking the next phase of King River’s systematic exploration campaign.

Strategic Exploration and Corporate Activity

These exploration activities form part of King River’s broader $2 million drill budget focused on multiple targets across Rover East, Tennant East, Barkly, and Kurundi. The company continues to integrate geophysical data with geochemical sampling to refine drill targets, aiming to unlock value from the prolific Tennant Creek gold-copper field, which has historically produced over 5.5 million ounces of gold.

On the corporate front, King River Resources maintained a strong cash position of $4.2 million as of 30 June 2025, alongside substantial investments in Tivan Limited shares valued at $9.2 million. The company also advanced its on-market share buy-back program, cancelling over 46 million shares and repurchasing an additional 10 million post-quarter, reflecting a strategic approach to capital management amid ongoing exploration.

Outlook

With further drilling planned at Kuiper and ongoing evaluation of multiple regional targets, King River Resources is poised to build on its recent successes. The combination of new mineralised discoveries and robust geochemical signatures in a historically rich mining district positions the company well for potential resource growth.