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eMetals Limited ( (AU:EMT) ) just unveiled an update.
eMetals Limited has reported significant progress in their Mubende Gold Project in Uganda, where soil sampling has confirmed gold mineralization extending beyond current artisanal workings, defining an anomalous zone of gold over a 1,200-meter strike. The company is actively engaged in negotiations for land access and exploration licenses to expand their exploration activities in the region. Meanwhile, at the Meka Project in Western Australia, the company completed 151 hand auger samples, though no significant results were obtained. The ongoing engagement with neighboring land and exploration license holders could enhance the company’s operational scope if successful, potentially impacting its market position positively.
More about eMetals Limited
eMetals Limited operates within the mineral exploration industry, with a focus on gold exploration projects. The company’s primary projects include the Mubende Gold Project in Uganda and the Meka Project in Western Australia, where they engage in exploration activities to identify and develop mineral resources.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$3.4M
For detailed information about EMT stock, go to TipRanks’ Stock Analysis page.
