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Los Cerros ( (AU:LCL) ) has issued an announcement.
LCL Resources Limited has reported promising results from its maiden field work at the Puma prospect in Ubei, Papua New Guinea. The exploration program, which included trenching and sampling, revealed significant mineralization with rock chip samples showing high grades of gold, copper, and silver. The findings suggest that the mineralized structures at the surface align with a chargeability anomaly at depth, indicating potential for further exploration success. This development enhances LCL’s strategic positioning in the region, potentially increasing its resource base and attracting interest from stakeholders.
More about Los Cerros
LCL Resources Limited operates in the mining industry, focusing on exploration activities primarily in Papua New Guinea. The company is engaged in the discovery and development of mineral resources, with a particular emphasis on gold and copper deposits.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.39M
See more insights into LCL stock on TipRanks’ Stock Analysis page.