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The latest update is out from Golden Deeps Limited ( (AU:GED) ).
Golden Deeps Limited has announced the extension of its mineralized corridor at Graceland by 500 meters, reaching a total strike length of over 2.5 kilometers. This expansion is supported by new soil and rockchip sampling results, which reveal significant concentrations of zinc, lead, silver, copper, and germanium. The company is conducting an extensive Induced Polarisation survey to identify high-grade sulphide drilling targets, aiming to replicate the success of the nearby Tsumeb mine. This development is expected to enhance Golden Deeps’ exploration capabilities and potentially increase its resource base, offering promising implications for stakeholders.
More about Golden Deeps Limited
Golden Deeps Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the extraction of copper, silver, zinc, lead, germanium, and antimony, with a significant market focus on high-grade sulphide deposits, particularly in the Graceland area.
Average Trading Volume: 902,348
Technical Sentiment Signal: Buy
Current Market Cap: A$12.93M
See more insights into GED stock on TipRanks’ Stock Analysis page.