Black Horse Mining Ltd Quarterly Activities Report
Key points
- Received final assay results for maiden drilling programme at Mt Egerton Gold Project
- Mobilized and demobilized drill rig, secured permit to re-establish Sister Rose Adit
- CFO resigned due to family commitments
- Cash balance at end of quarter was $5.23 million
- Exploration and evaluation expenditure was $205,000
Full summary
Black Horse Mining Ltd completed the final assay results for its maiden drilling programme at the Mt Egerton Gold Project. The company mobilized and temporarily demobilized a drill rig to the site and secured the necessary permit to re-establish the Sister Rose Adit. CFO Amber Rivamonte resigned due to family commitments. The company had a cash balance of $5.23 million at the end of the quarter. Exploration and evaluation expenditure during the quarter was $205,000. There were no substantive mining production and development activities during the quarter. The company's tenement schedule remained unchanged.
Guidance
Cash balance at end of quarter was $5.23 million
Outlook
The company expects to continue its exploration activities and re-establishment of Sister Rose Adit.
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