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Javelin Minerals Limited ( (AU:JAV) ) just unveiled an announcement.
Javelin Minerals Limited has commenced its maiden drilling program at the Eureka Gold Project, aiming to expand the existing 112,000oz gold resource. The program targets high-grade mineralization extensions and includes testing of numerous structural and geochemical targets. With the current high gold prices, Javelin is also advancing plans for near-term mining of approximately 34,000 ounces from the Indicated Resource, potentially generating substantial cash flow.
More about Javelin Minerals Limited
Javelin Minerals Limited is a company operating in the mining industry, focusing on gold exploration and development. The company is engaged in expanding its resource base and exploring high-grade mineralized targets, particularly in the Eureka Gold Project located near Kalgoorlie.
Current Market Cap: A$18.14M
See more insights into JAV stock on TipRanks’ Stock Analysis page.