Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Beacon Minerals ( (AU:BCN) ) has shared an announcement.
Beacon Minerals Limited has completed its Stage 2 grade control drill program at the Lady Ida Iguana Deposit, marking the largest RC drill program in the company’s history. The program yielded significant high-grade gold intersections, which are expected to enhance geological confidence and de-risk the project as the company prepares for first production early next year. The high-grade intercepts, particularly in the Northwest corridor, are seen as a potential game changer for Beacon Minerals, prompting plans for further drilling. The company anticipates receiving the remaining assay results in the coming weeks, which will provide further insights into the deposit’s potential.
More about Beacon Minerals
Beacon Minerals Limited is a company operating in the mining industry, primarily focused on gold exploration and production. The company is listed on the Australian Securities Exchange under the ticker BCN and is involved in projects such as the Lady Ida Project, which is part of the Mount Ida Greenstone Belt.
Average Trading Volume: 75,771
Technical Sentiment Signal: Buy
Current Market Cap: A$136.8M
For a thorough assessment of BCN stock, go to TipRanks’ Stock Analysis page.