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SSH Group Ltd. ( (AU:SSH) ) has shared an announcement.
High-Tech Metals has reported new high-grade reverse-circulation drilling results at its Wagtail gold deposit, including shallow intersections such as 12 metres at 8.81 grams per tonne and 9 metres at 7.04 grams per tonne, which confirm strong grade continuity within the existing mineral resource of 63,000 tonnes at 7.11 grams per tonne. The program, comprising 65 holes for 3,323 metres, also hit mineralisation at the end of several holes and in step-out drilling, pointing to potential extensions of the Wagtail system beyond current resource limits.
The results, supported by observations of visible coarse gold and historical production grades, are being incorporated into an updated resource estimate and scoping-level development studies. In collaboration with joint venture mining partner SSH Group, High-Tech is advancing metallurgical testwork, mine design and permitting, aiming to increase confidence in the resource and assess options for near-term development at Wagtail.
The most recent analyst rating on (AU:SSH) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on SSH Group Ltd. stock, see the AU:SSH Stock Forecast page.
More about SSH Group Ltd.
High-Tech Metals Ltd is an Australian exploration company focused on gold development at the Mt Fisher–Mt Eureka Project in Western Australia. The company is advancing the high-grade Wagtail gold deposit, where mineralisation is hosted in quartz vein systems within mafic volcanic rocks, and is working with mining partner SSH Group on potential near-term production pathways.
Average Trading Volume: 84,694
Technical Sentiment Signal: Buy
Current Market Cap: A$21.25M
For a thorough assessment of SSH stock, go to TipRanks’ Stock Analysis page.