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The latest update is out from Desert Metals Ltd. ( (AU:DM1) ).
Desert Metals Ltd. has announced the completion of a successful diamond drilling program at the King Kong prospect within the Adzope gold project in southern Côte d’Ivoire. The drilling revealed multiple high-grade gold intercepts, confirming the potential for a significant gold system over a 1.2km strike length. The company plans further exploration activities, including advanced geophysical surveys and additional drilling, to expand the understanding of the mineralized zones. This development enhances Desert Metals’ position in the gold exploration sector and could have positive implications for stakeholders as the company continues to delineate valuable resources.
More about Desert Metals Ltd.
Desert Metals Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily targets gold deposits, with significant projects in Côte d’Ivoire, including the Adzope and Tengrela South permits.
Average Trading Volume: 2,448,173
Technical Sentiment Signal: Sell
Current Market Cap: A$5.04M
Find detailed analytics on DM1 stock on TipRanks’ Stock Analysis page.