Gunson Resources (ASX: GUN) substantial shareholder John Tilbrook acquired 2,737,059 shares between 10th November 2010 and 8th August 2011 at $0.195 per share.
The purchase was made for a consideration of $536,301 and Tilbrook now holds a 6.7% stake in the company.
Gunson announced yesterday that it has completed the first hole of the 2011 drilling program testing for high grade copper-gold at its 49%-owned Mount Gunson project, located in the Australian Olympic Copper-Gold Province.
The Olympic belt is over 500 kilometres long and contains about 75% of the known copper resources in Australia. The project straddles about 10% of the belt as four contiguous exploration licences covering about 1,320 square kilometres.
Drilling at the Emmie Bluff Prospect is being funded by Xstrata Copper subsidiary Noranda Pacific Pty Limited.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/19402/gunson-resources-substantial-shareholder-acquires-additional-shares-19402.html
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