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Discovery Alaska Limited ( (AU:DAF) ) has provided an announcement.
Discovery Alaska Limited has advanced its North American growth plans by completing due diligence and paying the option fee to maintain its right to acquire 100% of the Boulder Creek Gold-Silver Project in Idaho, while also staking additional claims to extend the project area over prospective structures near the historic mining town of Silver City. The company is now focused on designing an initial exploration program at Boulder Creek, centred on historical anomalous areas and high-grade epithermal gold-silver targets in a region with past production but no modern exploration, while reassessing strategy at its Chulitna Gold Project in Alaska, reviewing new project opportunities, and preserving its modest cash reserves of about $0.1 million through tight financial management.
The most recent analyst rating on (AU:DAF) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Discovery Alaska Limited stock, see the AU:DAF Stock Forecast page.
More about Discovery Alaska Limited
Discovery Alaska Limited (ASX: DAF) is an Australian-based mineral exploration company focused on precious metals in North America, holding a 100% interest in the Chulitna Gold Project in Alaska and an option to acquire 100% of the Boulder Creek Gold-Silver Project in Idaho. The company targets gold and silver opportunities in geologically prospective, infrastructure-accessible regions, and continues to review additional projects that align with its exploration-led growth strategy.
Average Trading Volume: 65,007
Technical Sentiment Signal: Buy
Current Market Cap: A$4.22M
For detailed information about DAF stock, go to TipRanks’ Stock Analysis page.