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Au Gold Corp ( (TSE:AUGC) ) has shared an update.
Au Gold Corp has agreed to acquire a 100% interest in the 11,663-hectare Havelock Gold-Antimony Project in Victoria, Australia, from Leviathan Gold Australia for C$75,000 and 5 million shares, plus future per-ounce payments tied to resource definition, pending TSX Venture Exchange approval. Located between Bendigo and Ballarat near Maryborough, Havelock hosts shallow, undrilled epizonal and mesozonal gold-antimony targets, historic small-scale underground operations with reported multi-ounce-per-ton gold grades, and coarse alluvial gold occurrences; management views the project as a significant opportunity to apply modern exploration to a largely untested high-grade trend, potentially enhancing Au Gold Corp’s exposure to Victoria’s emerging gold-antimony district and strengthening its exploration portfolio.
More about Au Gold Corp
Au Gold Corp is a Canadian mineral exploration company focused on gold and associated metals, with a strategy of acquiring and advancing high-potential projects in established mining jurisdictions. The company targets underexplored or historically mined areas where modern exploration techniques can unlock new resources, positioning it within the competitive junior gold exploration sector, particularly in regions with proven high-grade gold systems.
Average Trading Volume: 46,472
Technical Sentiment Signal: Buy
Current Market Cap: C$3.7M
Find detailed analytics on AUGC stock on TipRanks’ Stock Analysis page.