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Desert Metals Ltd. ( (AU:DM1) ) has provided an update.
Desert Metals Ltd. reported the successful completion of a maiden drilling program at its Adzope gold project in southern Côte d’Ivoire, highlighting the potential for a high-grade gold system at the King Kong prospect. The drilling program, which included nine holes over a 3.0km corridor, yielded promising high-grade gold results, suggesting multiple parallel structures and a significant gold anomaly. Further exploration plans include additional drill-testing at the King Kong gold system and other prospects. Additionally, the company announced the appointment of Patrick Flint as Chairman following the resignation of Mark Stewart.
More about Desert Metals Ltd.
Desert Metals Ltd. operates in the mining industry, focusing on exploration and development of mineral resources. The company is involved in gold exploration projects, with a significant project located in Côte d’Ivoire.
YTD Price Performance: 10.0%
Average Trading Volume: 746,097
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$5.88M
See more data about DM1 stock on TipRanks’ Stock Analysis page.