PVW Resources Ltd (ASX:PVW) executive director George Bauk has demonstrated confidence in the company’s gold exploration strategy with the purchase of shares in an on-market transaction.
On March 30 Bauk acquired 120,000 shares in an indirect interest at an average price of $0.13481 per share, increasing the total number of securities held in that interest to 529,110 with more than 2.09 million shares held in another indirect interest.
This follows his on-market purchase on March 19 of 88,030 shares in an indirect interest at an average price of $0.15017 per share and another on March 12 of 130,000 shares at an average of $0.15612.
Kalgoorlie Project drilling
The company has fast-tracked an auger drilling program at its Kalgoorlie Project testing near-surface gold anomalism on two tenements following the availability of a Kalgoorlie-based auger drill rig to complete the work.
This will see PVW take advantage of this early availability to complete part of the program, with the remainder continuing this quarter.
Drilling started on E27/571 with 100 holes planned at the southern end of the tenement and will then move to E27/614.
Results are expected within 3-4 weeks from sample arrival at the Perth-based laboratory.