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King River Resources (ASX:KRR) - Chairman, Anthony Barton - The Market Herald
Chairman, Anthony Barton
Source: Business News
  • King River Resources (ASX:KRR) will commence its drilling program at Tennant Creek on Monday
  • The program has previously been delayed due to COVID-19 restrictions
  • The 2000-metre reverse circulation drilling program will follow up on geophysical results found last year
  • Additionally, King River will commence reconnaissance exploration and geophysical surveys over the next few weeks
  • This is aimed at progressing other priority drilling targets
  • On market close, King River is up 17.7 per cent and is trading for 4 cents per share

King River Resources (KRR) will commence its reverse circulation (RC) drilling program at Tennant Creek in Northern Territory on Monday.

The 2000-metre drilling program has been delayed due to the COVID-19 pandemic restrictions.

The drilling is a follow-up on very encouraging geophysical results that were found in 2019.

Drilling at the Lone Star area will target three main coincident gravity and magnetic trends. The drilling program will then move the Commitment Prospect, where a large coincident magnetic and gravity anomaly follows a north-west/ south-east trends.

Other exploration plans at Tennant Creek

King River's subsidiary, Treasure Creek, holds 7900 square kilometres across 16 tenements in the Tennant Creek region. The project covers four areas - Tennant Creek East, Tennant East/Barkley, Rover East and Kurundi.

The company is also planning reconnaissance exploration and geophysical surveys in the coming weeks to progress the target areas for drilling in these prospects.

On market close, King River is up 17.7 per cent and is trading for 4 cents per share.


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