Kidman Resources Limited (ASX: KDR) – $0.068
13 May 2015
Kidman Resources Limited (ASX: KDR) will commence drilling this week at its recently acquired Burbanks Gold Mine located south of Coolgardie in Western Australia (Figure 1).
Figure 1. Location of Burbanks Project
The drilling program will involve a series of reverse circulation drillholes in the existing Christmas Open Pit to target known mineralisation. The results will be used to calculate a JORC compliant resource and reserve.
Since acquiring the Burbanks Project at the end of April 2015, the company suspended production to refine the site layout and enable the drilling programs to commence.
The company acquired an 80% interest in the Burbanks and Coolgardie North Projects from private entities for $3 million plus $2.4 million in working capital.
For further information, visit www.kidmanresources.com.au
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