King River Resources Limited (AU:KRR) has released an update.
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King River Resources Ltd reported promising initial drilling results at the Providence Prospect in the Tennant Creek region, with the discovery of structural and alteration styles akin to nearby high-grade copper and gold IOCG deposits. Despite heavy rain delays, the company completed 18 holes over 2,790 meters and is part of a larger $2M drilling initiative targeting areas with potential for significant mineralization. The drilling confirmed the presence of Warramunga formation rocks and a significant ironstone structure associated with the main gravity anomaly.
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