- King River is restarting drilling at its East-Kimberley gold project, after finding a number of prospective targets
- Recent exploration saw almost 500 samples taken from the site which suggests high-grade’s of the valuable commodity is present
- Drilling will firstly target 30 holes and the company says if all goes well there is potential to extend the program
- King River’s share price is remaining flat today, currently sitting at nearly 3.5 cents each
King River Resources is recommencing drilling at its gold project in Western Australia. Operations are set to be back in motion within 24 hours.
The company recently completed an exploration initiative at the Mt Remarkable project. This saw over 450 rock chip and soil samples tested.
Following sample testing, the company advised it has identified a number of prospective gold targets which will be assessed during the dill program.
Last year’s drilling at Mt Remarkable demonstrated gold grades up to 346 grams per tonne.
Initially, 30 holes will be tested, however, the company said the program may be extended depending on the results. A reverse circulation drilling program will be conducted allowing for 2500 metres.
The company will progress with a new ground magnetic survey at the project as well. This will target the Trudi vein which has been identified to “trend off underhill cover.”
King River’s share price is remaining flat today, currently sitting at nearly 3.5 cents each