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Pan Asia Metals Ltd. ( (AU:FLG) ) just unveiled an announcement.
Flagship Minerals Limited has identified new exploration opportunities at its Pantanillo Gold Project in Chile, following a review of data acquired from Anglo American Norte SpA. The soil data reveals a large anomalous zone of gold, approximately 5km long and 1.2km wide, which is significantly larger than the current drill coverage. This suggests potential for substantial expansion of the existing 1.05Moz gold deposit. The company is fast-tracking the conversion of the current foreign estimate to a Mineral Resource Estimate under the JORC Code 2012, which could enhance its industry positioning and offer promising implications for stakeholders.
More about Pan Asia Metals Ltd.
Flagship Minerals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in gold mining, with a significant project located in the Maricunga Gold Belt in Chile.
Average Trading Volume: 411,574
Technical Sentiment Signal: Buy
Current Market Cap: A$40.12M
See more data about FLG stock on TipRanks’ Stock Analysis page.