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Nex Metals Explorations Ltd ( (AU:NME) ) has issued an announcement.
Arika Resources Limited has announced significant progress in its exploration efforts at the Yundamindra Gold Project, with extensional drilling at the ‘Landed at Last’ site tripling the mineralized strike length to over 2.5 kilometers. The latest assay results confirm continuous shallow gold mineralization along this structure, establishing it as a priority for further exploration and resource delineation. The drilling campaign, which has covered over 20,000 meters, highlights the substantial scale of the opportunity at Yundamindra, with ongoing efforts to test the depth and strike extents of multiple gold occurrences. These developments are expected to enhance Arika’s positioning in the gold exploration sector and provide potential value to stakeholders.
More about Nex Metals Explorations Ltd
Arika Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. The company is engaged in exploring the Yundamindra Gold JV Project, located in the Northeastern Goldfields mining district of Western Australia.
Average Trading Volume: 141,203
Technical Sentiment Signal: Sell
Current Market Cap: A$7.38M
For a thorough assessment of NME stock, go to TipRanks’ Stock Analysis page.