Dark Horse Releases June Quarter Report, Diamond Drilling at Tampere By End-2020

  • Jul 31, 2020 AEST
  • Team Kalkine

Australian explorer, Dark Horse Resources Ltd (ASX:DHR) has released activities report for the June 2020 quarter. During the quarter, DHR entered a partially binding term sheet with Sotkamo Silver AB to acquire 100% of Tampere Gold Project in Finland and Bergslagen Tungsten Project in Sweden. Completion is targeted by 14 August 2020.  

At Tampere Gold Project, the most advanced prospect is Hopeavouri, where best drilling intersections were reported as:

  • R305: 11.5m at 19.4 g/t Gold from 30.6m depth
  • R313: 10.7m at 14.4 g/t Gold from 4.0m depth
  • R330: 3.0m at 106.7 g/t Gold from 22.0m depth

In the last quarter of 2020, DHR plans to undertake a diamond drilling program at Tampere, especially on the Hopeavouri high-grade gold prospect

Dark Horse also completed a private placement to raise $675,000 cash during the quarter. Post June 2020, the Company raised $1,532,000 in an SPP, aimed to place DHR well to pursue the exploration activities at the new Finland project.

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK