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Accelerate Resources Ltd. ( (AU:AX8) ) has shared an announcement.
Accelerate Resources has reported encouraging assay results from its first reverse circulation drilling program at the Paris Gift trend within the Balagundi Gold Project, where six shallow holes over 714 metres all intersected the targeted shear-hosted structure along roughly 300 metres of strike. The consistent gold mineralisation, including intervals such as 6 metres at 1.47 g/t gold and multiple zones above 1 g/t, supports the interpretation of higher-grade shoots along the trend and confirms the continuity of the Paris Gift lode, positioning the project as a potentially attractive shallow gold opportunity near existing toll milling operations, with further drilling scheduled at both the Iron Bound prospect and Paris Gift to extend and infill the new mineralised shoot.
The most recent analyst rating on (AU:AX8) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Accelerate Resources Ltd. stock, see the AU:AX8 Stock Forecast page.
More about Accelerate Resources Ltd.
Accelerate Resources Ltd. is an Australian mineral exploration company focused on gold projects in Western Australia, with its Balagundi Gold Project located about 15 kilometres east of Kalgoorlie in a well-established gold mining district. The company targets shear-hosted gold systems with potential for shallow mineralisation near existing toll milling infrastructure, aiming to capitalise on strong gold prices and the favourable economics of processing capacity in the region.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.07M
Learn more about AX8 stock on TipRanks’ Stock Analysis page.