KGL Resources Limited ( (AU:KGL) ) just unveiled an update.
KGL Resources Limited has announced a significant discovery at the Crowe’s Nest prospect, located on the western limb of the J-Fold within the Jervois project. The discovery of a magnetite body with associated copper mineralization supports the hypothesis that the Jervois Fault may have been a primary pathway for mineralized fluids, indicating substantial exploration potential. This finding, confirmed by the drilling of hole KJC684, highlights the importance of the western limb and suggests further exploration could unlock considerable value for the company and its stakeholders.
More about KGL Resources Limited
KGL Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the exploration of copper and other mineral deposits, with a significant focus on the Jervois project, which is characterized by a unique blend of SEDEX, VMS, and IOCG mineralization styles.
YTD Price Performance: -6.78%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $42.02M
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