Kentor Gold director John Taylor increases stake in company

Kentor Gold (ASX: KGL) non-executive director John Taylor acquired 500,000 shares at $0.11 per share on September 7 in an on market purchase.

The shares were purchased indirectly for a consideration of A$55,000 and Taylor now holds 4,500,006 shares through the John Chris Super Fund.

Kentor delivered a very impressive intersection from diamond drilling at the Jervois project in the Northern Territory of Australia on September 7.

The latest highlight is 72 metres at 3.27% copper, 51.33 grams per tonne (g/t) silver and 1.16g/t gold from 414 metres.

The impact is that the results confirm mineralisation at the Reward Prospect to be open at a depth of 450 metres below surface, and to the north along strike.

The Reward Prospect currently accounts for around half of the initial Inferred JORC Resource for Jervois of 8.8 million tonnes at 1.3% copper and 26.7 g/t silver.

This provides a total of 113,000 tonnes of copper and 7.6 million ounces of silver.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/19391/kentor-gold-director-john-taylor-increases-stake-in-company-19391.html