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Discovery Alaska Limited ( (AU:DAF) ) just unveiled an announcement.
Discovery Alaska has expanded its landholding at the Boulder Creek Gold-Silver Project in Idaho by staking 20 additional claims, increasing the total project area to about 807 hectares. The new claims, covering approximately 167 hectares to the northwest, east and southeast of the existing Idaho State Lease, are designed to capture strike extensions of prospective geological structures beyond the original lease area.
The company is now undertaking exploration planning that will target historically anomalous zones identified by Nerco Inc. drilling and exploration in the mid-1980s. Management says the enlarged footprint in a region with several historical mining sites strengthens the project’s potential gold and silver upside and is positioned as a step towards creating additional value for shareholders through future exploration activity.
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 gold and silver projects. Its portfolio includes the Boulder Creek Gold-Silver Project in Idaho, U.S., which is prospective for epithermal high-grade vein-hosted and disseminated gold-silver mineralisation in a historically mined district near Silver City, southwest of Boise.
Average Trading Volume: 201,814
Technical Sentiment Signal: Hold
Current Market Cap: A$4.65M
Learn more about DAF stock on TipRanks’ Stock Analysis page.