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The latest announcement is out from Matador Mining Ltd ( (AU:AAM) ).
AuMEGA Metals Ltd has commenced its spring field exploration program at the Cape Ray Project and announced partial assay results from its winter diamond drill campaign at Bunker Hill. The company plans up to 10,000 meters of diamond drilling along high-priority targets, supported by a strong cash position of C$13.1 million. Initial results from Bunker Hill West are promising, indicating a potentially large mineralized system. The exploration efforts are part of a strategic focus on major structural targets, with the aim of advancing new discoveries and expanding the company’s presence in Canada’s next major gold belt.
The most recent analyst rating on (AU:AAM) stock is a Buy with a A$0.19 price target. To see the full list of analyst forecasts on Matador Mining Ltd stock, see the AU:AAM Stock Forecast page.
More about Matador Mining Ltd
AuMEGA Metals Ltd is a company operating in the mining industry, primarily focused on gold exploration and development. The company is engaged in extensive exploration activities in Newfoundland and Labrador, Canada, aiming to establish itself in what is emerging as a major gold district.
Average Trading Volume: 712,393
Technical Sentiment Signal: Sell
Current Market Cap: A$20.54M
See more data about AAM stock on TipRanks’ Stock Analysis page.