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The latest update is out from eMetals Limited ( (AU:EMT) ).
eMetals Limited has commenced a soil sampling campaign at the Busia Gold Project in Uganda, targeting orogenic gold within the Busia Greenstone Belt. The project, which covers 32.8 square kilometers, is part of a larger exploration effort in a region known for significant gold deposits. The campaign aims to identify gold-in-soil anomalies, with geological mapping and rock-chip sampling underway. This initiative marks a significant step in eMetals’ exploration strategy, potentially positioning the company for a maiden gold discovery in a region with no prior systematic exploration.
More about eMetals Limited
eMetals Limited is a company engaged in the exploration and development of mineral resources, with a focus on gold exploration projects. Their primary market focus is on identifying and developing gold deposits in geologically prospective regions.
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.4M
For detailed information about EMT stock, go to TipRanks’ Stock Analysis page.