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AEX Gold, Inc. ( (TSE:AMRQ) ) has shared an announcement.
Amaroq Minerals Ltd. has announced a significant update to its Mineral Resource Estimate for the Nalunaq gold mine, indicating a 51% increase in gold content to 484,000 ounces with a high gold grade of 30.13 g/t. This update, which includes a portion of the resource now classified as ‘Indicated’, suggests a potential extension of the mine’s life from approximately 6 years to 10 years. The new estimate, prepared by Bara Consulting Ltd., reflects enhanced geological understanding and increased resource base, supporting further exploration and development efforts.
More about AEX Gold, Inc.
YTD Price Performance: -7.81%
Average Trading Volume: 29,954
Technical Sentiment Signal: Sell
Current Market Cap: C$703.9M
See more data about AMRQ stock on TipRanks’ Stock Analysis page.