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Hill End Gold director boosts indirect stake in company

Hill End Gold (ASX: HEG) director Bruce Thomas acquired 1,081,429 shares indirectly on market at $0.025 per share on December 2 .

The shares were purchased for a consideration of $27,035 and Thomas now holds 5.87 million shares in the company through Leet Investment. He also holds 5.55 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.


Article originally published at: http://www.proactiveinvestors.com.au/companies/news/23091/hill-end-gold-director-boosts-indirect-stake-in-company-23091.html