Hillgrove Resources Says Drilling at South Australia Mine Confirms Presence of High-Grade Mineralization; Shares Gain 6%

MT Newswires Live13:44

Hillgrove Resources (ASX:HGO) said drilling at its Kanmantoo copper mine in South Australia between April and May further confirmed the presence of high-grade mineralization at the Emily Star deposit, according to a Wednesday filing with the Australian bourse.

Assay results for five of the seven completed holes include 19 meters at 1.49% copper plus 0.13 grams per tonne grade of gold from 287 meters; about 15.9 meters at 1.53% copper plus 0.21 g/t gold from 254.1 meters; 4.5 meters at 0.77% copper plus 0.06 g/t gold from 319.9 meters; nearly 3 meters at 1.86% copper plus 0.02 g/t gold from about 65 meters; and about 2.7 meters at 1.3% copper plus 0.16 g/t gold from 297.5 meters.

Drilling at Emily Star will continue into the September quarter to support a final investment decision, with a 2026 mineral resource estimate update scheduled for the December quarter, the company said.

Hillgrove Resources shares gained 6% in recent Wednesday trade.

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