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).

 

KDR Burbanks Au

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

 

 

Resources Stocks to Watch (RSTW) is the leader in research on over 680 ASX listed micro to small-cap mining stocks and commodities. We are independent and do not accept commissions. We tell it like it is. Our reports are researched by experienced geologists and resources analysts, the experts in the field.

Resources Sector Recent News Items

News Archives

News Categories