King River Resources Announces Gold Exploration Update

January 11, 2020 08:02 AM AEDT | By Team Kalkine Media

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King River Resources Limited (ASX:KRR) has provided an update on the Mt Remarkable gold project.

The company has reported that the new mineralised zone has been discovered 150m east of the main Trudi deposit. Drilling intersected 7m @ 0.85g/t Au including 1m @ 2.42g/t Au in strong quartz adularia veining

At Jennifer North three holes intersected gold mineralisation on a quartz adularia vein set in newly granted tenement EL5133, the Geophysical work would continue to define IOCG targets at Tennant Creek on EL31619 and drilling is expected to be in late March 2020.

On 10 January 2020, the stock of KRR was last traded lower at $0.019, dip by 5 per cent from its previous closing price.

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