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.
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.