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Constellation Resources Ltd. ( (AU:CR1) ) has provided an announcement.
Constellation Resources has completed a 12-hole reverse circulation drilling program at the Chatham prospects within its 100%-owned Ularring Copper Gold Project, testing two previously undrilled gold-copper soil anomalies over the Meenar Shear. The program, partly supported by a government Exploration Incentive Scheme grant, aims to assess subsurface regolith dispersion and a coincident electromagnetic target, with multi-element assay results expected within two months.
The company highlighted the scale and geochemical signature of the Chatham anomaly, which mirrors known copper-gold intersections elsewhere on the project and sits above a mixed mafic-ultramafic-granitoid basement interpreted as highly prospective. Constellation also announced a change of company secretary, appointing chartered accountant Vaughn Quinlan to replace Lachlan Lynch, signaling ongoing corporate housekeeping as exploration momentum builds at Ularring.
The most recent analyst rating on (AU:CR1) stock is a Sell with a A$0.14 price target. To see the full list of analyst forecasts on Constellation Resources Ltd. stock, see the AU:CR1 Stock Forecast page.
More about Constellation Resources Ltd.
Constellation Resources Ltd. is an Australian mineral exploration company focused on copper and gold targets in Western Australia. Its flagship Ularring Copper Gold Project spans 222 square kilometres within the Yilgarn Craton, targeting intrusion-related copper-gold systems along the Meenar Shear and other underexplored structural trends with potential for large-scale deposits.
Average Trading Volume: 32,011
Technical Sentiment Signal: Sell
Current Market Cap: A$12.06M
For an in-depth examination of CR1 stock, go to TipRanks’ Overview page.