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Accelerate Resources Ltd. ( (AU:AX8) ) just unveiled an update.
Accelerate Resources Limited has announced promising results from its maiden RC drill program at the Kanowna East Project near Kalgoorlie, Western Australia. The drilling program, which targeted the Little Lake and Western Tiger prospects, successfully identified gold mineralization and sulphide zones, indicating the potential scale of mineralized systems within the area. The findings validate the company’s exploration model and highlight the prospects for further exploration and drilling once heritage surveys are completed. The results are particularly encouraging for the company’s operations, as they provide strong targets for follow-up drilling and potential expansion of their exploration activities in the Eastern Goldfields portfolio.
More about Accelerate Resources Ltd.
Accelerate Resources Limited is a company operating in the mining industry, focusing on exploration and development of mineral resources. The company is primarily engaged in the exploration of gold and other minerals in Western Australia, with a market focus on expanding its exploration footprint and advancing high-priority targets.
Technical Sentiment Signal: Sell
Current Market Cap: A$5.72M
Find detailed analytics on AX8 stock on TipRanks’ Stock Analysis page.