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The latest announcement is out from Codrus Minerals Ltd ( (AU:CDR) ).
Codrus Minerals has reported initial diamond drilling results from its Bull Run Gold Project in Oregon, where three holes tested two of five high-priority targets along the Lady May and Whited vein systems, delivering moderate gold intercepts and confirming the geometry, continuity and prospectivity of the hydrothermal vein system. The company is now reviewing gold observations from these holes to guide follow-up work, with future exploration expected to focus on adjacent untested geochemical and geophysical targets, while it continues to streamline and refocus its portfolio through the agreed sale of its Middle Creek Project in Western Australia to Moho Resources and advances target refinement at its Jasper Wedge Project in Canada, underscoring an ongoing strategy of value-accretive, exploration-led growth.
The most recent analyst rating on (AU:CDR) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Codrus Minerals Ltd stock, see the AU:CDR Stock Forecast page.
More about Codrus Minerals Ltd
Codrus Minerals Ltd is an ASX-listed exploration company with a diversified portfolio of gold, copper, rare earth and uranium assets across the United States, Australia and Canada. The company focuses on early-stage to advanced exploration projects, aiming to create value through discovery and development of mineral resources in prospective geological terrains.
Average Trading Volume: 748,432
Technical Sentiment Signal: Buy
For an in-depth examination of CDR stock, go to TipRanks’ Overview page.