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Asra Minerals Limited ( (AU:GA8) ) has shared an announcement.
GoldArc Resources has reported high-grade gold assay results from a PQ-diameter diamond drilling campaign at its Mt Stirling and Stirling Well deposits in Western Australia. The program, undertaken with partner BML Ventures, confirmed the continuity and quality of mineralisation with standout intercepts such as 5.6 metres at 8.71 grams per tonne gold and 1.57 metres at 14.2 grams per tonne gold, supporting the robustness of the deposits.
The diamond drill core is being used to finalise metallurgical and geotechnical studies that underpin GoldArc’s mining implementation plan as it advances toward initial production. In parallel, the company is running extensive reverse circulation and aircore drilling programs, including a 34,000-metre grade control campaign at Mt Stirling and a 6,500-metre regional program, signalling an aggressive push to de-risk operations and grow resources for stakeholders.
The most recent analyst rating on (AU:GA8) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Asra Minerals Limited stock, see the AU:GA8 Stock Forecast page.
More about Asra Minerals Limited
GoldArc Resources Limited is an Australian gold exploration and development company focused on its 100%-owned Mt Stirling and Stirling Well deposits within the Leonora North Gold Project in Western Australia. The company is transitioning from explorer to producer and is working to expand its current 200,000-ounce gold resource base through regional drilling across multiple satellite targets.
Average Trading Volume: 1,662,116
Technical Sentiment Signal: Sell
Current Market Cap: A$34.35M
Find detailed analytics on GA8 stock on TipRanks’ Stock Analysis page.