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Enterprise Metals Limited ( (AU:ENT) ) has provided an announcement.
Enterprise Metals Ltd has announced preliminary results from its recent drilling program at the Vulcan Prospect within the Doolgunna Project, revealing promising gold mineralization. The results include significant gold intersections, such as 16 meters at 1.25g/t gold from 40 meters depth in drill hole VAC001, indicating potential for substantial gold deposits over a 400-meter strike length. The findings suggest a coherent near-surface oxide mineralization zone in the Central Vulcan Prospect, although further analysis of individual samples is required to better understand the orientation of primary gold mineralization. The company received an EIS grant covering 50% of the drilling costs, and the results could enhance its positioning in the gold exploration sector.
More about Enterprise Metals Limited
Enterprise Metals Ltd is a company operating in the mining industry, focusing primarily on the exploration and development of gold and base metal resources. The company is engaged in projects that aim to uncover significant mineral deposits, with a particular emphasis on the Doolgunna region in Western Australia.
Current Market Cap: A$8.22M
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