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eMetals Limited ( (AU:EMT) ) has provided an update.
eMetals Limited reported that it has completed a Phase 2 soil sampling program at its Busia Gold Project in central Uganda, collecting 482 soil samples and 13 rock-chip samples across a banded ironstone unit that extends more than 9km along strike. The new results confirm and expand a previously identified gold-in-soil anomaly to an area of roughly 300m by 700m with gold values above 50ppb, strengthening the project’s exploration potential within the Busia-Kakamega Greenstone Belt and positioning the company to further define targets in a region already hosting multiple large-scale gold deposits.
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 an exploration company focused on gold and other mineral projects, with current activity centred on the Busia Gold Project in central Uganda within the highly prospective Busia-Kakamega Greenstone Belt, a region that hosts several significant gold deposits operated by other miners.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$5.1M
For an in-depth examination of EMT stock, go to TipRanks’ Overview page.