Arrow Minerals Ltd (ASX:AMD) has had its managing director Steven Michael acquire 350,000 shares in the company via on-market trades.
Michael made the purchases in his super fund and increased his total holding in the company to over 4.93 million shares.
This is Michael’s second purchase of company shares recently as he bought 500,000 shares on-market in mid-October.
READ: Arrow Minerals managing director increases stake amid Strickland drilling campaign
Arrow has been busy over recent months drilling at its Strickland Gold Project, with multiple gold-in-bedrock anomalies defined.
A total of 625 aircore holes for 8,793 metres (average hole depth 14 metres) were completed over the T1a, T1b, T2a, T2b and T2c prospects
Further drilling at T2c and first pass drilling at T2d is expected to commence in the current December quarter.