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Albion Resources Ltd. ( (AU:ALB) ) has issued an announcement.
Albion Resources Limited announced promising assay results from its maiden RC drilling program at the Collavilla Prospect within the Yandal West Gold Project. The results revealed significant gold mineralization in all completed drill holes, with standout intersections such as 11m at 20.0 g/t gold from 17m depth. These findings suggest a substantial gold system presence, with further exploration and a gravity survey underway to refine targets. The company is optimistic about the potential for a new southwest extension to the orebody and is preparing to continue its drilling efforts in early August.
More about Albion Resources Ltd.
Albion Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. The company’s primary project is the Yandal West Gold Project, located in the Yandal Greenstone Belt in Western Australia’s Northeastern Goldfields.
Average Trading Volume: 268,696
Technical Sentiment Signal: Buy
Current Market Cap: A$9.1M
Learn more about ALB stock on TipRanks’ Stock Analysis page.