King River Copper's (ASX: KRC) shares will be suspended for between 10 to 14 days following a request by the company as it awaits further assays from reverse circulation drilling at Speewah Dome in Western Australia.
King River looks to have taken the step digest a very large number of assays due for Chapman Flats, Catto and Todhunter from recent exploration.
It had successfully completed a 88 hole drilling program over the three areas on 8 November 2013 and had received the first batch of fire assay and total digest assays on reverse circulation chips at Chapman Flats and Catto on the same day.
The drilling was carried out to test some geochemical anomalies, scattered float occurrences, and the geophysical interpretation under the alluvial covered areas.
It was also done to understand the significance of the very high grade surface samples at Chapman, Catto, Greys and Hayden that have been previously announced.
This included up to 39% copper , 335 grams per tonne silver and 3.96g/t gold at Chapman and the highest ever silver assay at Speewah Dome of 804g/t silver at Catto.
To avoid confusion, the company plans to report on the significance of the findings for each of the Chapman Flats, Catto and Todhunter areas when the analysis of the assay results and the geological interpretations are complete.
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