King River Resources reports high‑grade gold hits at Mindoolah project in WA
Australian mining company King River Resources announced shallow, high‑grade gold intersections at its new Mindoolah project in Western Australia's Murchison region, including assays of 13.59 g/t and 10.70 g/t over one‑metre intervals. The discovery is reported by both the Sydney Morning Herald and The Age.
First reported 1 hour ago · latest update 1 hour ago
The results come at an opportune time, with the gold price remaining historically strong and M&A activity for WA gold assets staying lively, underlining a healthy appetite for drill-ready ground in proven mineral provinces.
King River appears well-funded for its renewed exploration push, with $3.67 million in cash as at the end of June, having recently bolstered its coffers with the strategic sale of some of the shares it holds in Tivan Limited. The company currently retains 77 million shares in Tivan, worth a further $15.6 million.
With a follow-up phase-two RC drilling program scheduled to kick off this month along with a new aeromagnetic survey to refine additional targets, the company looks set to keep the exploration momentum rolling at Mindoolah.
With a proven targeting model, a fistful of cash, and a historical mining riddle to solve, King River’s follow-up work at its new Murchison gold play could get very interesting very quickly.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
Citations · 2 reports from 2 outlets
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King River jags shallow high-grade Murchison gold
King River Resources has confirmed shallow, high-grade gold at its new Mindoolah project in WA, with hits including 1m at 13.59g/t and 1m at 10.70g/t gold from a maiden drill campaign.
1 hour ago · Murray WardKing River jags shallow high-grade Murchison gold
King River Resources has confirmed shallow, high-grade gold at its new Mindoolah project in WA, with hits including 1m at 13.59g/t and 1m at 10.70g/t gold from a maiden drill campaign.
1 hour ago · Murray Ward