Announcement Date: 2022-07-26
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Hillgrove Resources Ltd.
Project name: Kanmantoo
Location: Australia
Commodities: Gold,Copper
Highlight: Updated Resource Estimate for Kavanagh Deposit
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 updated Mineral Resource Estimate for the Nugent Cu-Au deposit located on ML6345 at Kanmantoo 55kms southeast of Adelaide in South Australia. The resource has been estimated only for the Nugent mineralised zone and is reported in accordance with The JORC Code 2012 Edition. This resource estimate update includes the results of the 2021- 2022 diamond drilling programme at Nugent to 31 March 2022, the results of which were reported on 6 May 2022. Overall, as with all HGO’s previous drill programs at Nugent and Kavanagh, the 2021-22 Nugent drilling program has resulted in an increase in total resources and a conversion of Inferred Resources to lower risk classification categories. The information in this release that relates to the Exploration Results and Mineral Resource Estimates is based upon information compiled by Mr Peter Rolley, who is a Member of The Australian Institute of Geoscientists. Mr Rolley is a full-time employee of Hillgrove Resources Limited
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