Hamelin Gold Accelerates Exploration at Venus Project in Murchison Goldfield

Hamelin Gold Limited ( (AU:HMG) ) has issued an announcement.

Hamelin Gold has announced the commencement of a detailed airborne magnetic survey over the southern half of its Venus Gold Project in the Murchison gold district, alongside a second phase of geochemical soil sampling scheduled for completion in February. Initial broad-spaced geochemical sampling has mapped a six-kilometre extension of the geological sequence that hosts the Comet Gold Mine, and the compilation of historical drilling data has outlined high-grade gold mineralisation at the newly named Magellan prospect, including a best historical intercept of 5 metres at 2.95 g/t gold from 100 metres. Management says these baseline geophysical and geochemical datasets, together with historical data integration, will underpin the company’s 2026 drilling programs and position the Venus project as a key exploration focus, potentially enhancing Hamelin’s growth prospects and strategic footprint in the resurgent Murchison goldfield.

The most recent analyst rating on (AU:HMG) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Hamelin Gold Limited stock, see the AU:HMG Stock Forecast page.

More about Hamelin Gold Limited

Hamelin Gold Limited is an Australian gold exploration company focused on projects in Western Australia’s prolific Murchison goldfield. The company holds one of the largest tenement positions in the Cue region, including the Venus Gold Project, which covers approximately 300 km² and targets the southern extensions of the Tuckabianna and Comet gold corridors as well as largely unexplored greenstone stratigraphy, much of it concealed beneath Lake Austin sediments.

Average Trading Volume: 102,913

Technical Sentiment Signal: Buy

Current Market Cap: A$14.87M

See more data about HMG stock on TipRanks’ Stock Analysis page.