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Damara Gold ( (TSE:BRON) ) has provided an update.
Bronco Resources has completed a ground magnetic survey over the Main Zone at its Placer Mountain Gold Project in British Columbia, using GSM-19 Overhauser magnetometer technology to improve on historic 2019 airborne data. The new survey delivers higher-fidelity magnetic imagery, revealing detailed lineations and structural trends that may correspond to gold-bearing structures previously unresolved in earlier surveys.
Encouraged by these results, the company plans a second-phase ground magnetic program extending north and east of the Main Zone to link interpreted trends toward the Kodiak Zone across a broader quartz corridor target area. Unusually low snowpack and mild winter conditions are allowing earlier-than-normal site access, potentially accelerating Phase 2 work and supporting a more informed exploration strategy at Placer Mountain.
More about Damara Gold
Bronco Resources Corp. is a mineral exploration company listed on the TSX Venture Exchange, primarily focused on advancing the Placer Mountain Gold Project near Princeton, British Columbia. The company holds an 88% joint-venture interest in the project alongside Universal Copper Ltd., and is led by a board with extensive domestic and international exploration experience.
Average Trading Volume: 79,861
Technical Sentiment Signal: Hold
Current Market Cap: C$1.92M
For an in-depth examination of BRON stock, go to TipRanks’ Overview page.