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Belararox Ltd. ( (AU:BRX) ) has shared an announcement.
Belararox has completed its first diamond drill hole at the Toro Central target within the TMT Project in Argentina, reaching a depth of 705.6 metres and intersecting altered volcanic and volcaniclastic rocks containing visually observed sulphides over a 568.5-metre interval, thereby confirming a key chargeability anomaly that aligns with historical silver, copper and zinc intersections. A second drill hole is now underway 400 metres to the north to test continuity and extensions of known mineralisation, while MT/IP geophysical surveys and advanced 3D interpretation at Tambo South and Toro South continue, positioning the company to refine its copper porphyry and epithermal targets and potentially unlock material upside for the project.
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 mineral projects, currently advancing its TMT Project in Argentina. The company is targeting shallow epithermal systems with potential silver, copper, zinc and gold mineralisation across the Toro Central and Toro South areas, guided by combined magnetotellurics and induced polarisation geophysical surveys.
Average Trading Volume: 649,625
Technical Sentiment Signal: Sell
Current Market Cap: A$23.38M
Learn more about BRX stock on TipRanks’ Stock Analysis page.