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Dragon Mountain Gold Limited ( (AU:DMG) ) has shared an update.
Dragon Mountain Gold Limited has reported significant progress in its exploration activities for the quarter ending 31 December 2024, particularly at the Avalon and Cawse projects. At Avalon, the drilling program indicated promising signs of gold deposition, encouraging further exploration along identified geological contacts. The company is also preparing for future drilling at the Cawse Project to expand mineralization models. Corporate developments included a successful capital raise of $670,000 through Convertible Loan Agreements, aimed at supporting exploration efforts and reducing financial pressures. Additionally, the company announced a change in its board, with Mr. Gernot Abl joining as a Non-Executive Director, bringing extensive corporate and strategic expertise.
More about Dragon Mountain Gold Limited
Dragon Mountain Gold Limited is a company operating in the mining industry, focusing on exploration and development of gold projects. The company is primarily engaged in advancing its Avalon and Cawse projects, with a focus on identifying and developing gold deposits.
YTD Price Performance: 0%
Average Trading Volume: 200,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €945.1K
See more data about DMG stock on TipRanks’ Stock Analysis page.
