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The latest announcement is out from Aurumin Ltd. ( (AU:AUN) ).
Kula Gold Limited, in partnership with Aurumin Limited, is advancing its operations at the Mt Palmer Gold Mine Project, located in the Southern Cross Goldfields. The joint venture holds a 100% stake in a promising 10km gold belt, focusing on gold extraction and exploration. The company has reported promising results from channel sampling of old mine dumps, with grades reaching up to 17.9g/t gold and an average of 1.7g/t gold across 146 samples. These results suggest the potential for low-cost extraction and have prompted further detailed sampling and metallurgical testwork. With gold prices exceeding US$3,000 per ounce, Kula Gold is exploring early production options and plans to commence drilling on high-grade targets.
More about Aurumin Ltd.
YTD Price Performance: -5.71%
Average Trading Volume: 422,338
Technical Sentiment Consensus Rating: Sell
For a thorough assessment of AUN stock, go to TipRanks’ Stock Analysis page.