Metalicity Limited ( (AU:ARI) ) has provided an update.
Arika Resources Limited has announced significant results from its maiden diamond drilling campaign at the Pennyweight Point Prospect, part of the Yundamindra Gold JV Project in Western Australia. The drilling revealed high-grade gold intercepts, confirming the presence of a substantial mineral system with potential for further exploration. The results extend the known mineralization by 50 meters down-plunge and highlight the potential for significant depth and strike extensions. The project remains open for further exploration, with plans to resume drilling to test new targets, positioning Arika as a promising player in the gold mining sector.
More about Metalicity Limited
Arika Resources Limited, trading as ASX: ARI, operates in the mining industry with a focus on gold exploration. The company is actively engaged in the Yundamindra Gold JV Project, located in the Eastern Goldfields mining district of Western Australia, where it is exploring the Pennyweight Point Prospect for gold mineralization.
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Technical Sentiment Signal: Strong Buy
Current Market Cap: €5.51M
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