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Fin Resources Limited ( (AU:FIN) ) just unveiled an announcement.
Fin Resources has completed the first drill hole of its maiden program at the Cabin Lake Gold Project in Canada, intersecting a broad 38 metre zone of sulphide mineralisation within the targeted banded iron formation. The hole, drilled to a depth of about 56 metres as a confirmatory test of historical work, supports the company’s geological model and underpins confidence in the project’s prospectivity.
Assays from the initial hole are being fast-tracked and are expected within four to six weeks, while downhole geophysics and a ground magnetic survey are already underway. The rig is now mobilising to a second hole and subsequent drilling from the lake surface during winter conditions will aim to test true widths and structural controls, marking a critical phase in evaluating the scale of the mineralised system for stakeholders.
The most recent analyst rating on (AU:FIN) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Fin Resources Limited stock, see the AU:FIN Stock Forecast page.
More about Fin Resources Limited
Fin Resources Limited is an Australian-listed exploration company focused on gold and related mineral projects. The company is currently advancing its Cabin Lake Gold Project in Canada’s Northwest Territories, targeting banded iron formation-hosted mineralisation with a view to defining prospective gold-bearing systems.
Average Trading Volume: 4,346,359
Technical Sentiment Signal: Sell
Current Market Cap: A$14.79M
Learn more about FIN stock on TipRanks’ Stock Analysis page.