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The latest announcement is out from Global Petroleum ( (GB:GEO) ).
GEO Exploration Limited has acquired a 100% interest in the Gorge Project, a gold exploration licence in Western Australia, through its subsidiary Gorge Gold Pty Ltd. The acquisition, valued at A$500,000, includes both cash and shares, and aims to explore large-scale gold deposits in an area with historical evidence of gold mineralisation. The project expands GEO’s exploration portfolio and is expected to enhance its discovery pipeline, with initial exploration activities set to commence this quarter. The acquisition complements GEO’s existing projects and positions the company for potential transformational discoveries in a region known for high-grade gold deposits.
More about Global Petroleum
GEO Exploration Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the exploration of gold deposits, with a market focus on expanding its portfolio of highly prospective projects in prolific gold jurisdictions.
Average Trading Volume: 102,055,880
Technical Sentiment Signal: Buy
Current Market Cap: £15.2M
For detailed information about GEO stock, go to TipRanks’ Stock Analysis page.