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eMetals Limited ( (AU:EMT) ) just unveiled an update.
eMetals Limited has commenced the second phase of soil sampling at its Busia Gold Project in Uganda, following the identification of a significant gold-in-soil anomaly during the initial phase. This phase aims to fully define the extent of the anomaly, which is associated with a banded ironstone formation. The project is set within a highly prospective region, and the company aims to generate drill targets for further exploration, potentially enhancing its position in the gold exploration sector.
More about eMetals Limited
eMetals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is particularly involved in gold exploration, with a market focus on orogenic gold deposits within the Busia-Kakamega Greenstone Belt in Uganda, known for hosting large gold deposits.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$5.1M
For an in-depth examination of EMT stock, go to TipRanks’ Overview page.