(MENAFN- ProactiveInvestors - Australia) Kidman Resources (ASX:KDR) shares have continued to climb, packing 10.5 cents or 17.50% to trade at $0.705 a share as investors pile on to the stock following the company intersecting new massive sulphide zone at its Northern Territory project.
Shares have gone up over 261% since the 13 March closing price of $0.19 a share. The following day it announced the drilling results at its Home of Bullion project.
Results from the first at Conductor 1 were 36 metres at 2.78% copper, 0.9% lead , 2.3% zinc, 27.6 grams per tonne silver and 0.2g/t gold from 33 metres including 10 metres at 8.5% copper, 0.6% lead, 4.35% zinc, 40.9g/t silver.
Home of Bullion is located near the township of Barrow Creek adjacent to significant infrastructure. The Stuart Hwy passes 30 kilometres immediately west of the project and the Darwin â€" Adelaide railway line also passes approximately 10km to the East of the project. Â
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.