King River to Commence 2020 Gold Exploration Programme Next Month, Stock Soars 20% 

  • Jul 16, 2020 AEST
  • Team Kalkine

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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