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  • Hillgrove Resources (HGO) has posted its latest drilling results from the Kavanagh Underground copper-gold deposits at Kanmantoo in South Australia
  • The materials stock says the final drill hole results from the deposit demonstrate the continuity of the mineralisation at depth and along strike
  • Best results include 20 metres at 1.53 per cent copper and 0.36 grams per tonne (g/t) gold from 624 metres downhole
  • All of the drilling undertaken at Kanmantoo over the last year will help the company upgrade its mineral resource estimate (MRE)
  • HGO shares are trading down 3.13 per cent at 6.2 cents each

Hillgrove Resources (HGO) has posted its latest drilling results from the Kavanagh Underground copper-gold deposits.

The deposits are located within HGO’s wider Kanmantoo project in South Australia, where a diamond drilling program recently wrapped up.

The materials stock said the final drill hole results from this program demonstrate the continuity of the mineralisation at depth and along strike, within areas modelled for the inferred mineral resource.

Best results from this latest round of results include 20 metres at 1.53 per cent copper and 0.36 grams per tonne (g/t) gold from 624 metres downhole, including
9 metres at 2.2 per cent copper and 0.51 g/t gold from 635 metres downhole.

Hillgrove said all of the drilling undertaken at Kanmantoo over the last year will help the company upgrade its mineral resource estimate (MRE).

“The 11 kilometre drilling program undertaken this year is expected to materially increase the existing MRE,” CEO and Managing Director Lachlan Wallace said.

“The drilling demonstrates that the copper lodes continue for at least 500m below the base of the open pit and remain open at depth and along strike.

“We are excited by these drill results and the opportunity they offer to significantly increase the mineable inventory from the Kavanagh portal and decline infrastructure for low incremental cost.”

HGO shares were trading down 3.13 per cent at 6.2 cents each towards the close of trade on Thursday, June 24.

HGO by the numbers
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