Australian explorer, King River Resources Limited (ASX: KRR) is set to commence its 2020 gold exploration programme at its two high-grade gold projects in August 2020, after delays caused due to COVID-19 pandemic restrictions.
Exploration this year would include a 2,500m RC drill programme at the main Mount Remarkable project, where several high-grade gold results have been returned. Reconnaissance exploration is planned for the Hunter East high-grade gold area and southern tenement gold prospects at the Mt Remarkable Gold Project.
KRR’s proposed exploration at Tennant Creek includes a RC drill programme at Lonestar Trend, Commitment and BIF Hill, in addition to reconnaissance exploration at Kurundi and Tennant Creek East. Ground magnetic surveys along with airborne magnetics and ground geophysical surveys are also planned for several targets at Tennant Creek.
On 16 July 2020 (AEST 12:16 PM), the stock was inching upward by 20% to trade at AU$0.036.
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Find out the drivers for the rise in cannabis stock rates Even though the cannabis sector is in its growing phase, Australian cannabis stocks have already started to rise actively due to a hastily increasing patient base, and a legislative landscape that is gradually beginning to liberalise.
Outreach and future of cannabis stocks As countries liberalise regulation for medical and recreational use of cannabis, it is predicted that the industry would grow sharply in upcoming years The global cannabis market stands currently at around $8 billion and it is expected that the hemp derived CBD market to hit approximately $22 billion by 2022.
Key Players in the sector Althea Group Holdings Limited (ASX: AGH) and Cann Group Limited (ASX: CAN) are amongst the top players. Other Australia cannabis market players are- MGC Pharmaceuticals Ltd (ASX: MXC), Elixinol Global Limited (ASX: EXL), THC Global Group Limited (ASX: THC), AusCann Group Holdings Limited (ASX: AC8)