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Forrestania Resources Limited ( (AU:FRS) ) has shared an update.
Forrestania Resources Limited has announced positive results from its drilling campaign at the Ada Ann prospect within the Bonnie Vale Project in Western Australia’s Eastern Goldfields. The drilling confirmed that gold mineralisation is open in all directions, with a significant strike length and extensions at depth, indicating potential for further exploration. These findings validate the geological shear zone model and set the stage for a follow-up drilling phase. The results also suggest promising options for future mining operations due to the region’s extensive infrastructure.
More about Forrestania Resources Limited
Forrestania Resources Limited is engaged in the exploration of mineral resources, focusing primarily on gold exploration and development. The company is involved in projects in the Eastern Goldfields region of Western Australia, an area known for its abundant gold deposits.
YTD Price Performance: 40.0%
Average Trading Volume: 1,121,143
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$3.37M
For an in-depth examination of FRS stock, go to TipRanks’ Stock Analysis page.
