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An announcement from African Gold Ltd. ( (AU:A1G) ) is now available.
African Gold Ltd announced a significant 119% increase in the Inferred Mineral Resource at its Blaffo Guetto deposit in Côte d’Ivoire, now totaling 989,000 ounces of gold. This development is part of the company’s long-term strategy to expand its gold resources, supported by a strong cash position to fund further drilling. Additionally, the company has commenced a 40,000-meter exploration drilling program at the Didievi Gold Project, marking its largest campaign to date. This initiative aims to expand the current resource and test high-priority regional targets, with strategic partner Montage Gold Corp. leading the exploration efforts.
More about African Gold Ltd.
African Gold Ltd is a mining company focused on gold exploration and development, primarily operating in Côte d’Ivoire. The company is committed to building a multi-million-ounce gold system with the support of Montage Gold Corp.
YTD Price Performance: 281.82%
Average Trading Volume: 1,669,414
Technical Sentiment Signal: Buy
Current Market Cap: A$113.3M
For a thorough assessment of A1G stock, go to TipRanks’ Stock Analysis page.