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The latest announcement is out from Global Petroleum ( (GB:GEO) ).
GEO Exploration has completed its maiden drill programme at the Juno Project in central Western Australia, with drillholes JUD001 and JUD002 intersecting the targeted geological sequences and confirming the presence of gold, copper sulphide, silver and zinc mineralisation, albeit at generally low grades. While assay results from the basement rocks show sporadic, low-tenor precious and base metal values, the company interprets these intersections as potentially peripheral to a larger mineral system and has identified prospective zones for possible higher-grade mineralisation up to 2km from the initial holes. Having now met its capital commitment for the initial Juno work programme and closed the first drilling campaign, GEO intends to undertake further drilling in 2026 to test additional geophysical targets across the multi‑kilometre Juno system, a strategy that could be pivotal for defining the project’s economic potential and future development options for shareholders and partners.
More about Global Petroleum
GEO Exploration Limited is an Australia-focused mineral exploration company listed on AIM in London, targeting intrusion-related gold system (IRGS) style deposits that host precious and base metal mineralisation. Its flagship Juno Project in central Western Australia comprises four contiguous licences over 644 square kilometres and includes several geophysical targets analogous to other known IRGS deposits in the region.
Average Trading Volume: 60,364,459
Technical Sentiment Signal: Strong Sell
Current Market Cap: £10.21M
See more insights into GEO stock on TipRanks’ Stock Analysis page.