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- Hillgrove Resources (HGO) has resumed underground drilling at its Kanmantoo Copper Mine in South Australia after a pandemic-induced hiatus
- The drilling campaign was temporarily paused to ensure the safety of workers from COVID-19 and conserve cash in light of highly unpredictable market conditions
- In the meantime, Hillgrove continued to advance funding discussions for the project which it hopes will offer the possibility to return to cash generation in the near-term
- The resumed drilling program is evaluating the depth extension of the Kavanagh load and the Nugent ore load
- Hillgrove’s share price has risen 21.9 per cent and shares are currently selling for 3.9 cents each
Hillgrove Resources (HGO) has resumed its underground drilling campaign at its Kanmantoo Copper Mine in South Australia.
The drilling campaign was temporarily paused to ensure the safety of workers during the COVID-19 pandemic and conserve cash in light of the highly unpredictable market conditions.
While the drilling campaign was paused, Hillgrove continued to advance funding discussions for the project located less than 55 kilometres from Adelaide.
The company has reiterated that its key focus at this point is evaluating the underground mining project which it hopes will offer the possibility to return to cash generation in the near-term.
The resumed drilling program is evaluating the depth extension of the Kavanagh load and the Nugent ore load which were identified during the 2019 drill program.
Hillgrove’s share price has risen 21.9 per cent and shares are selling for 3.9 cents each at 2:05 pm AEST.
