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The latest announcement is out from Linq Minerals Limited ( (AU:LNQ) ).
Linq Minerals has reported a major drill result at the Mandamah deposit within the Central Zone of its Gilmore Gold-Copper Project, intersecting 220m at 0.79% copper equivalent from 99m depth in hole MDACD001. The intercept confirms continuity of a shallow, higher-grade copper-gold core within a porphyry-related system and is comparable in scale to other recent strong intersections at nearby prospects.
Mandamah forms part of a 17km mineralised porphyry copper-gold corridor that also includes the Estoril and Culingerai deposits and advanced prospects such as Donnington and Monza, underlining the district-scale potential of Gilmore. Linq is ramping up exploration with three rigs on site this month and around $20m in cash, positioning the company for aggressive drilling and sustained news flow as it seeks to advance what it views as a significant copper-gold district in the Macquarie Arc.
The most recent analyst rating on (AU:LNQ) stock is a Buy with a A$0.90 price target. To see the full list of analyst forecasts on Linq Minerals Limited stock, see the AU:LNQ Stock Forecast page.
More about Linq Minerals Limited
Linq Minerals Limited is an Australian exploration company focused on copper and gold, with projects in New South Wales’ Macquarie Arc. Its Gilmore Gold-Copper Project hosts a strategic 40km strike of porphyry copper and epithermal gold occurrences and a global mineral resource estimate of 516Mt containing about 3.7Moz of gold and 1.2Mt of copper.
Average Trading Volume: 1,271,437
Technical Sentiment Signal: Strong Buy
See more insights into LNQ stock on TipRanks’ Stock Analysis page.