Killi Resources Limited release additional soil and rock chip results from the Ravenswood North Project, Charters-Towers region of Queensland. Surface rock chip samples returned up to 224g/t Ag, 0.55% Cu and 5.27g/t Au, at the Rocky prospect, with sample locations 1km along strike from anomalies determined earlier in the year. Soil sampling extends the existing grid to the north-east and south-west with results identifying a third gold anomaly (Anomaly 3), 300m north of the two existing gold anomalies (Anomaly 1 & 2).

Results indicate a rich gold-silver core to the system 1.5km2 with corresponding copper, selenium, tellurium, indium enrichment. Proximal to the core is strong lead-antimony and zinc enrichment, followed by a distal system elevated in silver-copper-lead-antimony and molybdenum. This geochemical fingerprint is not only indicative of large-scale intrusion-related gold deposits around the world but is also similar to that of district systems within close proximity to the project, such as Mt Leyshon (3.9M oz Au and 2.4M oz Ag produced) and Mt Wright (1.5M oz Au produced).

The Company completed a 240-sample soil program in August at the Rocky prospect, infilling and extending the geochemical grid to the north-east and south-west. Highly anomalous gold results were returned with the best results of 1,160ppb Au, 629ppb Au & 483ppb Au, which along with other samples has generated a third gold anomaly at the prospect (Anomaly 3). The anomaly is >200 x background values for gold and is located 300m north of the two existing anomalies, covering an area 300m x 100m.

In addition to the new gold anomaly the footprint for other elements such as copper, molybdenum, silver, and bismuth has also been extended north-east and south-west a further 1km in each direction. From this additional soil program, a 1.5km2 gold-silver-copper-bismuth-selenium-tellurium-thalium-indium core anomaly has been determined. This core is surrounded by elevated lead-antimony-arsenic levels proximally.

Distal copper and molybdenum values are currently controlled by the extent of the soil samples, with further field work planned to extend the existing grid. A total of 15 rock chip samples were taken during the soil program at outcrops of interest. Visible copper mineralisation was observed at three sample locations in the form of malachite and azurite on the eastern side of the prospect.

Three samples returned highly anomalous results of 224g/t Ag, 0.28% Cu & 0.33% Sb (RVRK035), 173g/t Ag, 0.55% Cu, 0.31% Sb & 0.26% Pb (RVRK033), 56.3g/t Ag, 0.43% Cu, 0.27% Sb & 0.19% Pb (RVRK031). These are now the high silver values on the project and extend the mineralisation footprint a further 1km east, with the system now stretching a total of 4km along strike. Three field trips have been completed this year to generate these results and targets, the Company now plans to drill test the prospect as soon as approvals are received.

Field mapping and ground truthing of rock chip samples was completed over the prospect in October. Mapping of lithologies and structures associated with the mineralisation will aid in determining the ideal direction to drill test the anomaly, . Geological observations identified mineralisation to be hosted in magnetic biotite-granodiorite.

Magnetism was mostly moderate to strong and weaker in magnetic low areas identified through the recently acquired VTEM data (ASX Announcement 20th September 2022). Despite very sparse outcrop, zones of strong silica-sericite±clay with disseminated arsenopyrite and hematite after sulphide were seen to be associated with areas of strongest gold anomalism. These zones appear to be magnetite-destructive trending north-northeast to north-northwest.

At gold Anomaly 2 a gossan was mapped, rich in goethite-hematite-silica as well as an old working and shaft were found, not previously recognised. The high-grade silver rock chips (RVRK031, 33 and 35) east of the main gold anomalies at Rocky were found to be related to quartz veins with galena, copper oxides such as malachite and azurite with associated alteration of sericite-clay-iron oxides. Veins observed, occurred in 10m ­ 20m wide zones of parallel vein sets striking east-west, aligning with regional structures that crosscut the project.

An additional 13 rock chip samples were collected within the alteration zones, of the host rock and quartz veins with results expected in the coming weeks. The Company continues to evaluate field data and regional assays as they are received. A heritage survey is scheduled for November 2022 to enable the Company to access Rocky prospect to drill test the surface Au-Ag-Cu anomaly generated from field programs this year.

Modelling of the VTEM results at Rocky is currently being completed, with the results to assist with drill program planning and design.