Hillgrove Resources Establishes Exploration Target For South Australia Prospect

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Hillgrove Resources (ASX:HGO) established an exploration target for the Kanappa prospect in South Australia, which will be evaluated by the upcoming drilling program, according to a Thursday Australian bourse filing.

It approximated an exploration target for the southern area of Kanappa of between 5.8 million and 11.5 million tonnes, with a target grade of 0.2% to 0.8% copper and 0.05 to 0.1 grams-per-tonne grade of gold, based on drilling results, soil geochemistry, geophysical surveys, and geological interpretation of the prospect.

The South Australia Department for Energy and Mining approved the Exploration Programme for Environmental and Progressive Rehabilitation for the Kanappa target on EL6526.

Its shares rose over 2% in recent trading on Thursday.

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