Forrestania Confirms Deeper High-Grade Gold at British Hill in Maiden Drill Program

Forrestania Resources Limited ( (AU:FRS) ) just unveiled an update.

Forrestania Resources has completed its maiden drill program at the British Hill Gold Project, comprising 10 holes for 2,906 metres, and reported a second batch of assays confirming multiple high-grade gold intersections and mineralised zones at depth. The drilling demonstrates that mineralisation extends down dip to the east and is aimed at growing the British Hill Mineral Resource Estimate, with the project’s location on a granted mining lease near the Lake Johnston processing facility supporting the potential for future development and enhancing the company’s strategic position in the region.

The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.

More about Forrestania Resources Limited

Forrestania Resources Limited is an Australian exploration and development company focused on gold assets in Western Australia. The company’s portfolio includes the British Hill Gold Project in the Yilgarn Mineral Field, where it is working to expand mineral resources in a well-established greenstone belt close to existing processing infrastructure.

Average Trading Volume: 4,162,692

Technical Sentiment Signal: Buy

Current Market Cap: A$537.9M

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