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E79 Gold Mines Limited ( (AU:E79) ) just unveiled an update.
E79 Gold Mines Limited has strengthened its Western Australian portfolio with the acquisition of the Cue Gold Project in the Murchison Region, adjacent to the high-grade Day Dawn goldfield and sharing similar geology to nearby producing mines. The company has commenced a high-resolution ground gravity survey across Cue to identify high-grade gold-bearing structures, advanced its Laverton South and Northern Territory Mountain Home projects with encouraging exploration results and improved site access, completed a A$3 million capital raise and ended the quarter with A$3.6 million in cash, while appointing Matthew Bowles as a non-executive director to help drive the newly acquired project forward.
The most recent analyst rating on (AU:E79) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on E79 Gold Mines Limited stock, see the AU:E79 Stock Forecast page.
More about E79 Gold Mines Limited
E79 Gold Mines Limited is a Western Australian-based mineral explorer listed on the ASX, holding 2,403km² of tenure in Western Australia and the Northern Territory. The company focuses on exploring for gold, base metals and strategic metals, targeting highly prospective districts such as the Murchison and Laverton regions to build a portfolio of quality exploration assets.
Average Trading Volume: 818,800
Technical Sentiment Signal: Buy
For detailed information about E79 stock, go to TipRanks’ Stock Analysis page.