Hillgrove Resources Delivers Nugent Copper Gold Zone Results

THE DRILL SERGEANT: Hillgrove Resources (ASX: HGO) provided an update on drilling progress on the Nugent lode at the company’s Kanmantoo underground project in South Australia.

Hillgrove Resources recently completed 24 drill holes through the Nugent copper-goldAu system at Kanmantoo returning:

14.5m at 1.6 per cent copper, 0.34 grams per tonne gold (1.8% copper equivalent (CuEq)) from 175m downhole Including 3m at 5.17 per cent copper, 1.27g/t gold (6% CuEq) from 175m, and 14.8m at 0.87 per cent copper 0.69g/t gold (1.3% CuEq) from 252.2m;

16.55m at 1.22 per cent copper, 0.43g/t gold (1.5% CuEq) from 229.05m;

9.15m at 1.4 per cent copper, 1.09g/t gold (2.1% CuEq) from 289m downhole;

9.2m at 1.44 per cent copper, 0.81g/t gold (2% CuEq) from 209m downhole; and

4.9m at 1.11 per cent copper, 0.52g/t gold (1.5% CuEq) from 370.1m downhole.

Hillgrove reported 23 of the 24 holes drilled intersected the Nugent copper-gold lode system, demonstrating the continuity and copper-gold endowment of the system.

“The drilling results confirm the Nugent system extends beyond the previous Mineral Resource Estimate both along strike and at depth,” Hillgrove Resources CEO and managing director Lachlan Wallace said in the company’s ASX announcement.

“We are looking forward to getting these drill results into the resource model, which we expect will increase in both size and geological confidence, and then into the mine plan.

“In addition, it was very pleasing to see the strong drilling results at depth and to the south, which remain open and provide excellent opportunities to further increase the mineral inventory.”




Email: info@hillgroveresources.com.au


Web: www.hillgroveresources.com.au