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Enegex Limited ( (AU:ENX) ) just unveiled an update.
Enegex Limited has reported strong maiden aircore drilling results from the Kalama Bave prospect within its Tougbe exploration permit in Côte d’Ivoire, confirming multiple shallow gold-mineralised zones in weathered chlorite schist. The program, comprising 94 shallow holes to an average depth of 30 metres, showed that around half of the holes contained reportable gold intercepts, including several high-grade intervals from surface or near-surface.
The drilling has validated earlier auger anomalies and demonstrated that the gold system is broad and, in places, open to the limits of current drilling, prompting plans for additional aircore drilling in the coming weeks to extend coverage. Enegex also plans deeper reverse circulation drilling to test the mineralised zones in fresh rock below 25 metres, which could significantly advance resource delineation and enhance the company’s positioning in a previously undrilled gold district of Côte d’Ivoire.
The most recent analyst rating on (AU:ENX) stock is a Sell with a A$0.19 price target. To see the full list of analyst forecasts on Enegex Limited stock, see the AU:ENX Stock Forecast page.
More about Enegex Limited
Enegex Limited is an ASX-listed mineral exploration company focused on gold exploration, currently advancing projects in Côte d’Ivoire. The company is targeting greenfield prospects within the Tougbe-Gogo permit group, including the Kalama Bave prospect, where it is using auger, aircore and reverse circulation drilling to delineate new gold mineralised systems.
Average Trading Volume: 187,017
Technical Sentiment Signal: Buy
Current Market Cap: A$61.5M
See more insights into ENX stock on TipRanks’ Stock Analysis page.