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Additional Information

Market:	ASX
Sector:	Gold Mining
EPIC:	HGO
Latest Price:	0.25 (4.26% )
52-week High:	0.36
52-week Low:	0.18
Market Cap:	194.46M

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Hillgrove Resources

Hillgrove Resources (ASX: HGO) is focused on developing its South Australian, Queensland and Indonesian precious metals projects.

The company's goal is to become a billion dollar plus mid tier gold and copper resource group. Hillgrove's growth will come from the development of its Kanmantoo Copper Mines in South Australia, exploration discoveries from its highly prospective greenfield exploration projects in Indonesia and in Australia and acquisition of new projects.

Hillgrove Resources soon to kick-off drilling at Sumba Project in Indonesia

Wednesday, March 17, 2010

Hillgrove Resources (ASX: HGO) has awarded a contract for drilling at the Sumba Project in Indonesia.

A highly anticipated 8,000m diamond drilling programme for the Sumba Project in Indonesia is scheduled to commence in mid-April 2010. Inital target is high grade epithermal gold mineralisation within the Pahandanjal Prospect.

The drill program will utilise two man portable drill rigs which are purpose built for working in steep terrain. The first rig will arrive early to mid April, and the second rig in June.

One of the drill rigs will then be sent to Pelitilira Prospect in Central Sumba in the second half of 2010.

Sumba is located in the province of East Nusa Tengarra and is south of the islands of Flores and Sumbawa in Indonesia. An Exploration Mining Business License (in Indonesian, an Izin Usaha Pertambangan or IUP) has been awarded to Hillgrove’s Indonesian joint venture partner, PT Fathi Resources.

The tenement area covers over 999km². Hillgrove has an 80% economic interest in the Project. The IUP encompasses highly prospective ground which has been shown to contain identified zones of gold and base metal mineralisation.

The company is targeting world class epithermal gold and porphyry copper/gold deposits in Eastern Indonesia.

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