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An announcement from Enterprise Metals Limited ( (AU:ENT) ) is now available.
Enterprise Metals has reported new drilling results from its Vulcan Prospect at the Doolgunna Project in Western Australia, where it recently completed nine reverse circulation and four aircore holes funded in part by a state Exploration Incentive Scheme grant. The program has shifted the geological interpretation of Vulcan from a simple saprolite gold play to a deeply weathered Cu/Zn/Au VMS-style system within the same host rocks as DeGrussa, with notable intersections including 16 metres at 1.26 g/t gold from 40 metres in hole VAC001 and a developing zone of near-surface oxide copper mineralisation in the central prospect area. While some holes did not intersect primary sulphide mineralisation in fresh rock, the combination of gold and copper-zinc anomalism over substantial strike length provides encouragement for further work and underscores Vulcan’s potential to become a more significant polymetallic target within Enterprise’s portfolio.
The most recent analyst rating on (AU:ENT) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Enterprise Metals Limited stock, see the AU:ENT Stock Forecast page.
More about Enterprise Metals Limited
Enterprise Metals Limited is an Australian exploration company focused on gold and base metals, targeting copper, zinc and gold mineralisation in Western Australia. The company’s Doolgunna Project, including the Vulcan Prospect within the Bryah Basin’s Narracoota Volcanics, is positioned in a region known for significant volcanogenic massive sulphide (VMS) deposits such as the nearby DeGrussa copper-gold mine.
Current Market Cap: A$5.98M
See more data about ENT stock on TipRanks’ Stock Analysis page.