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eMetals Limited ( (AU:EMT) ) just unveiled an update.
eMetals Limited has commenced field activities on the Busia Gold Project in eastern Uganda, part of the Busia Greenstone Belt known for its large gold deposits. The project involves sampling and exploration activities over a 9km banded ironstone formation, with initial results showing potential for gold discovery. The company has completed soil and rock chip sampling, with results pending from SGS Laboratories. The project offers significant potential for a maiden gold discovery, although access to certain areas is restricted due to land ownership issues. The discovery of artisanal mining areas suggests existing gold deposits, enhancing the project’s prospects.
More about eMetals Limited
eMetals Limited is a company involved in the exploration and development of mineral resources, focusing on gold projects. The company operates primarily in the mining industry, with a significant interest in gold exploration in Uganda.
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.4M
For a thorough assessment of EMT stock, go to TipRanks’ Stock Analysis page.