Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Locksley Resources Limited ( (AU:LKY) ) has shared an announcement.
Locksley Resources has identified a high-grade mineralised silver corridor within the North Block of its Mojave Project in the United States, delineating a northwest–southeast striking zone that now extends for roughly 3km from the Silver Prospect through the historic Hendricks Shaft area. Recent reconnaissance and rock chip sampling, including assays up to 409g/t silver and notable base metal grades of up to 4.2% copper, 1.5% lead and 1.5% zinc, confirm the presence of a polymetallic quartz vein system that significantly enlarges the project’s exploration target and supports the potential for a large-scale hydrothermal system, enhancing the project’s prospectivity and strategic importance for the company and its stakeholders.
The most recent analyst rating on (AU:LKY) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Locksley Resources Limited stock, see the AU:LKY Stock Forecast page.
More about Locksley Resources Limited
Locksley Resources Limited is an ASX-, OTCQX- and Frankfurt-listed exploration company focused on precious and base metals, with current activities centred on the Mojave Project, where it is targeting polymetallic quartz vein systems containing silver, copper, lead and zinc.
Average Trading Volume: 6,749,726
Technical Sentiment Signal: Buy
Current Market Cap: A$74.97M
Find detailed analytics on LKY stock on TipRanks’ Stock Analysis page.