RED 5 LIMITED

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Red 5 Limited Announces Open Pit Grade Control Drilling Commences At King of the Hills

10/11/2021 | 05:14pm
Red 5 Limited has commenced open pit grade control drilling in the southern pit at its 2.4Moz, 16 year life of mine King of the Hills (KOTH) Gold Project in Western Australia. The drilling is being performed by Jarahfire Drilling Pty Ltd, a WAbased surface drilling specialist. The initial 70,000 metre program will target the KOTH southern pit, starting on the 5,285mRL bench. This bench formed part of the original southern cutback developed by the previous operator, Sons of Gwalia, and is approximately 15 metres vertically below the current surface. The 7 x 7 metre spaced program has been designed to cover the first 3,045 vertical metres of the current Stage 1 design. Open pit grade control will be conducted in phases, with this initial program being undertaken over the next five months, leading into the start of prestripping and open pit mining in January 2021. This will cover the first six months of open pit mining with the objective of derisking and setting up the initial ore blocks for mining.
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