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Discovery Alaska Limited ( (AU:DAF) ) has provided an announcement.
Discovery Alaska Limited has completed due diligence and paid the option fee to maintain its option to acquire a 100% interest in the Boulder Creek Gold-Silver Project in Idaho, USA, a ~640-hectare Idaho State Lease located about 90km southwest of Boise and near the historic mining town of Silver City. The company is expanding the project footprint by staking additional claims over strike extensions of prospective geological structures, planning follow-up exploration on historically anomalous areas first identified by Nerco in the 1980s, and issuing 2 million DAF shares to the vendors, positioning itself for greater exposure to gold and silver in a record price environment and reinforcing its growth ambitions in the U.S. precious metals sector.
The most recent analyst rating on (AU:DAF) stock is a Hold 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 is an ASX-listed mineral exploration company focused on precious metals, particularly gold and silver, with a strategy of securing and advancing prospective projects in North America. The company targets epithermal and disseminated gold-silver systems and is actively reviewing additional complementary project opportunities in the United States to build a portfolio that offers leverage to high precious metal prices and long-term value for shareholders.
Average Trading Volume: 66,863
Technical Sentiment Signal: Buy
Current Market Cap: A$4.68M
Find detailed analytics on DAF stock on TipRanks’ Stock Analysis page.