KRR - King River Resources

[piggybank]

Latest report - http://stocknessmonster.com/news-item?S=KRC&E=ASX&N=660822

Well it was good whilst it lasted...

 

[pacestick]

31 March 2014
The Companies Manager
Australian Stock Exchange
Level 8 Exchange Plaza
2 The Esplanade
Perth WA 6000
CAPITAL RAISING
King River Copper Limited (ASX: KRC) announces that it is
completing arrangements for a capital raising of
$504,000 at 6.3 cents per share for the issue of 8,000,000 shares from sophisticated and professional investors.
The fund will be used for upcoming exploration activities and working capital.
The shares will be issued upon completion of the documentation.
Yours faithfully

 

[pacestick]

"King River Copper Limited (“King River” or “the Company”) (ASX: KRC) has noted today the increased interest and price movement of its shares.
The Company is not aware of any material information that has not been previously disclosed to shareholders.
The Company has not yet commenced drilling. The first drilling is planned to commence next
Wednesday, May 28 at the shear zone on Chapman Hills, followed by a diamond drilling program at the
Chapman outcrops.
The phase 1 drilling program will be spread over 7 different locations and is expected to take up to 6
weeks.
All drill core will be stored on site, then delivered to Perth early July for cutting and assaying.
Recent bulldozer work providing access to the 2 drill site locations at Chapman outcrops has exposed
further copper carbonate (malachite) in quartz veins and breccias that has been lodged for assaying. Any assay results received that are viewed by the company to be material will be released on receipt.
The Chairman, Anthony Barton is also presenting the company to a large group of London investors in
the evening of May 28.
There is no other information known to the company."

 

[greggles]

King River Copper seeing a flurry of activity after some encouraging drilling results at its Mt Remarkable Project:

King River Copper Ltd (ASX:KRC) is pleased to announce that all drill assay results have been returned from the 2017 RC drill programmes at its Mt Remarkable Project, 200km south of Kununurra. Drilling during the year targeted multiple veins including the extension and confirmation drilling of some historical high-grade drill results at the Trudi vein. The recently reported scissor hole that returned returning 11m at 27.9g/t Gold (Au) (ASX announcement 27/11/17) has more than confirmed the excellent potential of this area.

The most recent drilling assays reported below have now extended the main Trudi vein system to a potential strike length of nearly 1km with mineralised intersections obtained 600m to the east and 100m to the west of the original historical drilling.

High grade mineralization (+5g/t) was also returned at the eastern part of the Gemma Veins, adjacent to areas of structural complexity with large vein widths.

Gold mineralisation has also been intersected at other locations, including at the Grahame vein, an are a west at the Catherine vein, and an intersection of mineralised veining near previously reported 30.8g/t Au rock chip sample (please refer to ASX announcement 30/8/17).

 

[greggles]

King River Copper has been a great littler performer over the last month. When I last posted just before Christmas, it was 1.5c. Now it's 5.1c and has more than tripled in price. Nice work if you can get it.

Did anyone manage to get on this one?

 

[greggles]

King River soars on news of high-grade fluorspar deposit

Good news on Friday and a trading halt today for King River Copper. The trading halt was requested because "The Company is in the process of obtaining independent sign offs relating to a metallurgy update release on Vanadium purities."

Share price was 3.9c on Thursday and climbed to 5.7c today when the company went into the trading halt. Some good gains being made by KRC. Announcement on Wednesday should be interesting.

 

[greggles]

After reaching a high of 19c on 21 March, King River Copper has slowly retreated on low volume to 7c where it has found some support.

A Drilling Update released on 17 May concerning the company's Mt Remarkable project advised that drilling was well underway and the first 900m has been completed with 600 drill samples at the laboratory as of 16 May 2018. Results were due within the next two weeks, so they should be announced by the end of the month. The share price has moved up from 7c to 8.9c in anticipation of the release of those results.

The direction of the KRC share price in the short term will largely depend on the quality of the upcoming drilling results from Mt Remarkable.

 

[greggles]

Nice steady gains over the last couple of months for KRC. It has travelled from 7c in mid-May to 11c today, which would appear to be a resistance level.

Diamond drilling is continuing on the Trudi Vein at the company's Mt Remarkable Project and high grade assay results were announced on 28 June. There are assay results outstanding that should hopefully be released in the near future.

 

[Trav.]

KRC suffered a 39% fall after releasing their Vanadium Scoping Study for the Speewah deposit located in Kununurra. It appears the main driver for the fall was the estimate for the capital required as per below. But as expected the company release also suggests that the project is viable and will continue on with further devolpment...

 

[doogie_goes_off]

The capital numbers say it all.

https://stockhead.com.au/resources/...ng-vanadium-project-study-shares-get-pounded/

 

[System]

On December 4th, 2018, King River Copper Limited (KRC) changed its name and ASX code to King River Resources Limited (KRR).

 

[UpTrendz]

Is anyone on this one? Some chatter in other forums expecting big things

 

[barney]

Is anyone on this one? Some chatter in other forums expecting big things

Had a quick look.

Modest Market Cap just under $50 million. About $7 million in the bank, so there is room to move on good news if the Traders get involved again.