Hillgrove Resources (ASX:HGO) Releases 2025 Exploration Targets
Exploration Targets Identified
Hillgrove Resources Limited (ASX:HGO) has identified high-potential exploration targets at its Kanmantoo Mine, including four down dip of the 2024 Mineral Resource and five untested underground targets, three with surface expression. The Exploration Target is estimated between 25 to 40 million tonnes with copper grades of 0.7% to 1.4% and gold grades of 0.05 g/t to 0.5 g/t. All targets are within 500 metres of the Kanmantoo processing plant.
Planned Drilling Activities
The company plans over 19,000 metres of diamond drilling in 2025, with the mobilisation of a third underground drill rig in Quarter 2. The drilling will focus on extending mine life and exploring new lodes at Valentines, Critchley, and Matthew, alongside grade control efforts.
Executive Comments
CEO and Managing Director Bob Fulker stated, “Following the successful near doubling of contained copper and 138% increase in contained gold in the September 2024 Kanmantoo Mineral Resource Estimate, the team have identified and prioritised the next drilling targets at Kanmantoo from the numerous Exploration Targets available. Our new suite of Exploration Targets focus on down dip extensions to known open pit mined resources and near mine discovery opportunities at Stella and South Kanmantoo.”
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