Arika Resources Identifies New High-Priority Gold Targets at Kookynie Project

Metalicity Limited ( (AU:ARI) ) just unveiled an announcement.

Arika Resources Limited has identified 17 new high-priority gold targets at its Kookynie Gold Project in Western Australia through ultrafine soil geochemistry. These targets, located at the Mulga Plum-Jeedamya and Cosmopolitan prospects, have not been previously drill tested and represent significant potential for new discoveries. The company plans to conduct further soil sampling to refine these targets for future drilling, marking an exciting phase of exploration. The announcement highlights Arika’s strategic focus on refining structural targets using geophysical data, with the potential to extend known gold deposits or discover new ones.

More about Metalicity Limited

Arika Resources Limited is a company operating in the mining industry, primarily focused on gold exploration and development. The company is engaged in the Kookynie Gold Project located in the North-Eastern Goldfields mining district of Western Australia, which is known for its rich mineral deposits.

YTD Price Performance: 59.26%

Average Trading Volume: 4,950,255

Technical Sentiment Signal: Sell

Current Market Cap: A$33.57M

Learn more about ARI stock on TipRanks’ Stock Analysis page.