King River Resources Ltd. announced the return of high grade drill results from its recently completed drill programme in the Tennant Creek Gold Project (34 holes completed at Kurundi tenement and 3 holes completed at Tennant Creek tenement). Kurundi - EL32200: 34 RC holes for 1,223m have been drilled at high grade gold prospect Kurundi Main where previously announced (KRR ASX 5/3/21) rock chip grab samples returned multiple +10g/t Au results up to 17.25g/t Au along a 2km trend that had never been drilled. Drilling intersected a 1-5m quartz vein within a broader shear structure. Priority samples selected from visually mineralized intervals in 14 holes have returned high grade gold assay results with best results including (remaining samples and multi element results are pending): TTRC019: 7m @ 6.35g/t Au from 25m including 2m @ 21.30g/t Au with 1m @ 35.26g/t Au; TTRC040: 5m @ 3.84g/t Au from 22m including 2m @ 7.82g/t Au with 1m @ 9.99g/t Au; TTRC041: 6m @ 4.77g/t Au from 29m including 3m @ 9.28g/t Au with 1m @ 14.76g/t Au; TTRC042: 6m @ 3.58g/t Au from 8m including 1m @ 17.04g/t Au. This initial drill programme has confirmed that the vein structure is continuous at depth within a broader
shear zone. The vein dips approximately 35 degrees to the southwest. Malachite, azurite, sulphides and iron oxides have been noted associated with some intersections. Best results so far were from around the main workings, with one hole intersecting underground workings at 9m depth. At present the vein is open to the north, south and at depth of the main workings area with the deepest hole at the main working area (TTRC39) intersecting mineralization, very strong veining (4m) and structure (Figure above). Also, TTRC029, 200m south of the main workings, intersected very strong veining (+7m) and malachite/azurite. Drilling at the northern and southern workings areas, where previously reported high grade rock chip samples were also returned, intersected veining and shearing with assay results pending. Assays are pending for the remaining 20 holes and samples from the unassayed portions of the 14 holes in this report. Multi element results including Cu, Pb, Ag are also pending for all holes. Further drilling is being planned. Exploration potential is high given the 2km interpreted strike extent (from the northern workings to the southern workings) and the shallow dip of the structure (meaning exploration drilling can test more dip potential with shorter holes). Drilling will test for extensions to the main zone, north and south of the main workings and also test depth extensions. It is hoped the proposed drilling will not only extend the current known zones but discover new mineralized zones at depth and along strike where outcrop is obscured by shallow cover. Tennant Creek East - EL31619: Three RC holes have been drilled to test gravity and ground magnetic targets identified at the Lonestar Trend area immediately east of Tennant Creek gold field and within 700m strike of historic workings and ironstone trends and along strike of Emmerson's Mauretania Deposit. 2021 gravity geophysical processing has revealed a trend of gravity anomalies that are only 700m along strike of the Mauretania/Hopeful Star trend where Emmerson returned best drill result of 20m @ 38.5g/t Au in a diamond drill hole and latest resource figures of 256,216t at 3.5g/t Au for 28,974oz Au have been announced - this resource is said to remain open and unexplored at depth. Two of the holes intersected significant structure and alteration suggesting drilling is close to or within the Mauretania/Hopeful Star corridor, with hole TTRC048 intersecting a strong zone of veining and alteration and TTRC049 intersecting a narrow zone (<1m) of magnetite ironstone as well as a broad structure and weak magnetite alteration. Assays are pending.