Metalicity Limited ( (AU:ARI) ) has shared an update.
Arika Resources Limited has reported promising assay results from its maiden diamond drilling at the F1-Fault Prospect within the Yundamindra Gold Project. The drilling has revealed strong gold mineralisation, extending the known depth of the deposit and highlighting the significant untested potential of the F1 structure. The results suggest that the mineralisation remains open along strike and at depth, offering substantial exploration opportunities. The company plans to resume drilling soon to further explore these promising targets and enhance its understanding of the geological structures, which could have a positive impact on its operations and market positioning.
More about Metalicity Limited
Arika Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. The company is involved in the Yundamindra Gold JV Project located in the Eastern Goldfields mining district of Western Australia, which is known for its rich mineral deposits.
Average Trading Volume: 6,706
Technical Sentiment Signal: Strong Buy
Current Market Cap: €6.25M
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