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NEW HIGH-GRADE COPPER-GOLD INTERSECTIONS EXTEND MINERALISATION AT NUGENT
NEW HIGH-GRADE COPPER-GOLD INTERSECTIONS EXTEND MINERALISATION AT
About this update from Hillgrove Resources Limited
[{"type":"text","content":"Hillgrove Resources Limited ('Hillgrove', 'the Company') (ASX:HGO) is pleased to provide the following drilling update at its Kanmantoo Copper Mine located at Kanmantoo, 55 kilometres southeast of Adelaide in South Australia.\nDiamond holes 25KVUG0527 to 25KVUG0530 represent a zone of 140 vertical metres between the 960 and 820mRL.\nCommenting on the drilling results, Hillgrove CEO and Managing Director, Bob Fulker said: 'The recent drilling results further confirm the continuity and depth potential of the Nugent copper-gold mineralisation system. The results continue to be higher than the Resource grade at Nugent, which is of course one of the reasons why we are fast tracking production from Nugent. We are targeting first Nugent development ores to go through the mill in December. The intersection in 25KVUG0530 is very encouraging, as it represents the deepest mineralised zone identified to date at Nugent, approximately 45m below the closest drill hole and 270m below the Nugent Pit, reinforcing our confidence in the significant resource growth potential at Nugent and Kanmantoo. We have a significant exploration budget earmarked for CY 2025 and we look forward to reporting further exploration success as drilling continues.'\nThis drilling of the northeastern end of the Nugent lode has continued to identify elevated gold intersections with visible gold identified in hole 25KVUG0530, with the continued drilling demonstrating the continuity of the copper and gold mineralisation within the Nugent lode. Hole 24KVUG0527 targeted the strike extension of the zone previously identified by holes 24KVUG0476 and 24KVUG05032 with additional follow-up drilling planned for the area.\nDrilling is continuing for both stope definition and Resource expansion drilling along the Nugent copper-gold mineralisation system to provide input into future planning alongside operational requirements for stope and development designs.\nContact:\nMr Bob Fulker\nCEO & Managing Director\nTel: +61 (0)8 7070 1698\nMr Joe Sutanto\nChief Financial Officer & Company Secretary\nTel: +61 (0)8 7070 1698\nCompetent Person's Statement\nThe information in this release that relates to the Exploration Results is based upon information compiled by Caitlin Rowett, who is a Member of The Australasian Institute of Mining and Metallurgy. Caitlin Rowett is a full-time empl...