King River Resources (ASX:KRR) has updated the market with its upcoming exploration plans for 2023 in the Tennant Creek region, including a $1.25M geophysical program to start as soon as possible.
King River Resources says the sale of its Speedwah project to Tivan Limited will help the company budget.
The company has more than 7,000? of holdings in the Tennant Creek and Barkly regions, where recent exploration success by Tennant Minerals, Castille, and Emmerson's have demonstrated the excellent potential of the field.
King River Resources says previously announced high grade rock chip samples at Tennant Creek were up to 49.5g/t Au, Kurundi returned 7m @ 6.35g/t Au, including 2m @ 21.3g/t Au, and new results up to 23.5g/t Au have been returned from Tarragans.