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eMetals Limited ( (AU:EMT) ) has issued an announcement.
eMetals Limited has reported results from the second phase of soil sampling at its Busia Gold Project in Uganda, confirming and significantly enlarging a previously identified gold-in-soil anomaly. The latest program collected 482 soil samples and 13 rock-chip samples, delineating an approximately 300m by 700m anomaly with gold values above 50ppb and indicating an east–west strike, which reinforces the project’s exploration potential within the Busia-Kakamega Greenstone Belt and provides a more defined target corridor for future work.
The most recent analyst rating on (AU:EMT) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on eMetals Limited stock, see the AU:EMT Stock Forecast page.
More about eMetals Limited
eMetals Limited (ASX: EMT) is a mineral exploration company focused on gold, with current activities centred on the Busia Gold Project in the Busia-Kakamega Greenstone Belt of eastern and central Uganda, a region that hosts several sizeable orogenic gold deposits. The company is exploring a 32.8 km² licence area, targeting gold mineralisation in a geologically prospective greenstone belt known for significant existing resources.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$5.1M
See more insights into EMT stock on TipRanks’ Stock Analysis page.