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Beacon Minerals ( (AU:BCN) ) just unveiled an update.
Beacon Minerals Limited has announced the receipt of the third batch of assay results from its Stage 2 Grade Control drill program at the Iguana deposit, part of the Lady Ida Project. The results reveal significant high-grade gold intersections, indicating promising depth extensions in the Northwest Corridor. This development enhances the geological confidence in the Iguana Stage 1 Pit and suggests potential for further exploration with deeper RC and diamond drill programs, potentially impacting the company’s future operations and market positioning.
The most recent analyst rating on (AU:BCN) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Beacon Minerals stock, see the AU:BCN Stock Forecast page.
More about Beacon Minerals
Beacon Minerals Limited is a mining company focused on the exploration and development of mineral deposits, particularly gold. The company operates primarily in the Mount Ida Greenstone Belt, with a focus on the Lady Ida Project, which includes the Iguana deposit.
Average Trading Volume: 105,364
Technical Sentiment Signal: Buy
Current Market Cap: A$238.9M
Find detailed analytics on BCN stock on TipRanks’ Stock Analysis page.