| Announcement Date: | 2022-03-21 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Hillgrove Resources Ltd. |
| Project name: | Kanmantoo |
| Location: | Australia |
| Commodities: | Gold,Copper |
| Highlight: | Drilling results incl. 36.5m @ 1.76% Cu, 0.29g/t Au from 367.7m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Hillgrove Resources Limited (Hillgrove, the Company) (ASX:HGO) is pleased to provide the following Kanmantoo Underground drilling update, located 55kms southeast of Adelaide in South Australia and located within a fully Permitted Mine Lease with processing infrastructure. In total, four diamond holes have been drilled in late-2021 into the Kavanagh Cu-Au mineral system, which completes the surface drilling program in this area. Further drilling into the Kavanagh Cu-Au mineral system will be undertaken from the underground development, which is currently in progress. This drilling update demonstrates the confidence the Company has in the geometry and tenor of mineralisation in the Kavanagh mineral system as the Company continues to advance towards recommencing copper concentrate production in the current high price environment for copper metal. The wide Cu-Au intersections (real widths are approximately 70-80% of downhole widths) in drill holes KTDD208_W1 and W4 are confirmation of the previously reported wide zones of multiple Cu-Au intersections in this area of the Kavanagh mineral system, and includes |
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