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An update from Belararox Ltd. ( (AU:BRX) ) is now available.
Belararox has completed its first diamond drill hole at the Toro Central prospect within the TMT Project in Argentina, reaching a depth of 705.6 metres and intersecting altered volcanic and volcaniclastic rocks with visually observed sulphides over a 568.5-metre interval, confirming a key IP chargeability anomaly that aligns with historical silver, copper and zinc mineralisation. A second hole is now underway 400 metres to the north to test continuity and extensions of this mineralisation, while MT/IP survey work has resumed at Tambo South and advanced 3D geophysical interpretation at Toro South is nearing completion, steps that collectively aim to refine a large epithermal and potential copper porphyry target over a 1.4–2 km trend and mark tangible progress in de‑risking and potentially expanding the project’s metal endowment.
The most recent analyst rating on (AU:BRX) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Belararox Ltd. stock, see the AU:BRX Stock Forecast page.
More about Belararox Ltd.
Belararox Ltd (ASX: BRX) is an exploration company focused on base and precious metals, advancing its TMT Project in Argentina. The company is targeting a shallow, broad epithermal system at the Toro Central and Toro South prospects, with a focus on silver, copper and zinc mineralisation defined by recent magnetotellurics (MT) and induced polarisation (IP) geophysical surveys and supported by historical drill results.
Average Trading Volume: 605,908
Technical Sentiment Signal: Sell
Current Market Cap: A$24.43M
For detailed information about BRX stock, go to TipRanks’ Stock Analysis page.