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Hill End Gold: Infiniti Premium Resources Director Joins Board

Hill End Gold (ASX: HEG) has appointed Richard Chan as a director of the board as part of a recent Subscription Agreement with Infiniti Premium Resources that netted the company $5 million in funding.

Chan's extensive corporate experience includes his current position as chairman of Signature Metals.

He also holds directorships with Singapore-listed company CarrierNet Global and ASX-listed Millepede International.

Under the deal with Singapore-based Infiniti, Hill End agreed to issue 200 million shares in two tranches to Infiniti, representing 29.16% of the enlarged issued capital of the company.

Approval of the deal meant Infiniti had the right to appoint one director to Hill End's board after each of the two tranches had been completed.

Hill End plans to use the funding to support its exploration to increase mineral resources from 557,000 ounces to over 1 million ounces at its Hargraves and Hill End Gold Projects.

At Hargraves, the company plans to increase the mineable resource with targeted drilling and infill assaying. Pre-development studies are underway.

Meanwhile, at the Hill End project, the company plans to complete a Scoping Study for an expanded Reward project.

It is targeting resource re-estimates at both the Reward and Red Hill prospects using a bulk mining approach.