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Hill End Gold director ups indirect stake in company

Hill End Gold (ASX: HEG) director Bruce Thomas has increased his shareholding in the company by 578,157 shares for a consideration of A$13,387.56, providing an average entry price of $0.02.

Thomas now holds 5.97 million shares in the company through Leet Investment following the latest on market purchase. He also holds 4.38 million shares through Leet Investment Superannuation Fund.

New South Wales focused Hill End Gold recently returned significant gold intercepts in all near surface reverse circulation drill holes completed at its Red Hill Project.

Hill End Gold owns a minimum of 85% of the Red Hill Project, which has an initial Inferred Resource estimate of 849,300 tonnes at 3.3 grams per tonne of gold for 89,200 contained ounces.

The company has a development strategy for the combined Hill End projects to increase its mineral resources to over 1 million ounces, and then to commence production.