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King River Copper's leaping share price attracts ASX speeding ticket

Shares spike at 12 month high of $0.023 on strong volume of more than 84 million.
Share chart
Drilling has extended the strike length at the Mt Remarkable Gold Project

King River Copper Ltd (ASX:KRC) reached a 12 month high of $0.023 on volume of more than 84 million on Wednesday prompting the ASX to issue a speeding ticket.

The price increased 35% on the previous day’s close before ending the day at $0.020.

Responding to the ASX price and volume query, the company said that there was no information that had not been announced to the market.

READ: King River Copper drilling lays platform for 2018 news flow from Mt Remarkable

In late 2017, King River revealed a strike extension at the Mt Remarkable Gold Project in Western Australia.

The drilling assays have extended the main Trudi vein system to a potential strike length of nearly 1 kilometre.

High grade mineralisation of more than 5 g/t gold was also returned at the eastern part of the Gemma Veins, adjacent to some areas of structural complexity and large vein widths.

Test work at Speewah project

The company also noted that metallurgical test work on resources of vanadium and titanium at the Speewah project is well advanced.

The news flow from Speewah is expected to continue later this month with test results, which will be used for scoping work.

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