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EDM Resources Inc ( (TSE:EDM) ) just unveiled an announcement.
EDM Resources Inc., a Canadian mining company focused on the Scotia Mine near Halifax, has launched a targeted gold exploration program on its Nova Scotia land package. The initiative follows previously reported high-grade gold assays from historical concentrate material, which suggested gold may be associated with existing zinc-lead mineralization at the site.
The program aims to determine the source, distribution and economic potential of gold at Scotia, including whether it represents a standalone target or a by-product opportunity alongside current zinc-lead resources. In parallel, EDM is preparing an updated mineral resource estimate that may incorporate additional gypsum and anhydrite resources, while shareholders recently approved all items at the company’s annual meeting and management readies investor outreach at the upcoming PDAC convention.
More about EDM Resources Inc
EDM Resources Inc. is a Canadian exploration and mining company that fully owns the Scotia Mine and related facilities near Halifax, Nova Scotia. Through a wholly owned subsidiary, the company also holds several prospective exploration licences in the surrounding regions of Nova Scotia, and its shares trade on the TSX Venture Exchange and the Frankfurt Exchange.
Average Trading Volume: 280,207
Technical Sentiment Signal: Buy
Current Market Cap: C$20.43M
Learn more about EDM stock on TipRanks’ Stock Analysis page.