Juno Minerals Targets First Drilling at Mount Ida After High-Grade Gold Channel Samples

Juno Minerals Ltd. ( (AU:JNO) ) has shared an update.

Juno Minerals has reported encouraging rock chip channel sampling results from its Mount Ida gold project, with significant gold grades returned from quartz vein systems, including assays of 5.17 g/t, 1.08 g/t and 6.60 g/t gold over narrow intervals. The recent field program, which also completed wide-spaced soil sampling on previously unsampled ground, has confirmed auriferous mineralisation along the QV1 vein over about 160 metres of strike and identified additional sub-outcropping potential, prompting plans for a first-pass shallow reverse circulation drilling campaign once heritage clearances are secured and soil assay results are received. The program aims to test down-dip and along-strike extensions of the quartz veins and could accelerate Juno’s advancement of Mount Ida, supported by a strong cash position and anticipated royalty inflows, at a time when nearby operating gold mines enhance the strategic appeal of the project.

The most recent analyst rating on (AU:JNO) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Juno Minerals Ltd. stock, see the AU:JNO Stock Forecast page.

More about Juno Minerals Ltd.

Juno Minerals Ltd (ASX: JNO) is an Australian resources company advancing exploration projects in Western Australia, with a portfolio that includes the Mount Ida gold prospects and the Mount Mason DSO hematite project. The company is currently focused on delineating gold mineralisation near existing gold operations while leveraging expected royalty income from iron ore asset sales to fund exploration and development activities.

Average Trading Volume: 118,299

Technical Sentiment Signal: Buy

Current Market Cap: A$7.32M

For a thorough assessment of JNO stock, go to TipRanks’ Stock Analysis page.