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Metalicity Limited ( (AU:ARI) ) just unveiled an announcement.
Arika Resources Limited has identified four new high-priority bedrock gold targets at its Pennyweight Point prospect within the Yundamindra Gold Project, using high-resolution geophysical surveys. These targets, which have not been previously drill tested, are located within a structurally complex area known for significant gold deposits. The discovery enhances Arika’s understanding of the geological and structural controls in the area, potentially impacting future exploration and drilling strategies. The company plans further geophysical surveys and drilling to refine and test these targets, aiming to capitalize on the promising geological setting.
More about Metalicity Limited
Arika Resources Limited (ASX: ARI) is a company engaged in exploration activities within the mining industry, focusing primarily on gold projects. The company operates the Yundamindra Gold Project, located in the north-eastern goldfields mining district of Western Australia, a region known for its significant gold deposits.
YTD Price Performance: 40.74%
Average Trading Volume: 3,012,480
Technical Sentiment Signal: Sell
Current Market Cap: A$32.87M
Find detailed analytics on ARI stock on TipRanks’ Stock Analysis page.