Hillgrove Resources (ASX:HGO) uncovered new ore sources amid a diamond drilling program at Valentines Pit within the Kanmantoo copper mine in South Australia, according to a Tuesday filing with the Australian bourse.
Results include an intersection of 2.3 meters grading about 1% copper and 0.2 grams per tonne grade of gold from a depth of 375.7 meters.
A third underground diamond drill rig has been deployed to continue resource expansion drilling, per the filing. The mineral explorer is targeting a total of 60,000 meters of diamond drilling this year.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.