(MENAFN- ProactiveInvestors - Australia) End Gold (ASX: HEG) non-executive director Graham Reveleigh has increased his shareholding in the company with further on-market purchases.
Reveleigh bought an additional 1 million shares for a total consideration of A$18,000, providing an average entry price of $0.018.
Hill End Gold is currently undertaking a second stage of drilling north of its Hargraves Gold Project, located in Central New South Wales.
Exploration at Hargraves is focused on increasing resources and preparation of a mining plan for commercial development.
Encouraging drilling results returned from earlier work at the North Big Nugget Hill Deposit, part of Hargraves, are being followed up with deeper drilling and exploration along strike.
Stage 2 drilling will test the mineralisation to 150 metres vertically below surface and to the north where the system remains open.
Ongoing drilling and new modelling of high grade zones could lead to an increase in the current resource at Big Nugget Hill. Currently, it sits at 2.2 million tonnes at 3.1 grams per tonne for 221,000 ounces of contained gold.
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