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Monger Gold Ltd. ( (AU:LLM) ) just unveiled an update.
Loyal Metals has reported assay results from the first two drill holes on the eastern wall of the Highway Reward open pit, confirming a thick, near-surface, high-grade copper–gold–silver mineralised zone exceeding 100 metres in true width with strong vertical extent. The intercepts, including up to 145 metres at 1.50% CuEq and 86 metres at 2.34% CuEq plus multiple very high-grade internal lenses, together with the discovery of a new shallow zinc-rich polymetallic zone, point to the potential for a large bulk-minable system beneath and adjacent to the existing pit, marking a significant shift from the historical narrow-lens mining model and underpinning the company’s plans to accelerate exploration with its $8.2 million in available funding.
More about Monger Gold Ltd.
Loyal Metals Ltd (ASX: LLM) is an Australian exploration and mining company focused on copper–gold–silver assets, with current activity centred on the Highway Reward open pit project. The company is pursuing bulk-minable, high-grade polymetallic systems within its Highway Reward mining leases, supported by a recently strengthened funding position.
Average Trading Volume: 521,182
Technical Sentiment Signal: Buy
Current Market Cap: A$54.85M
See more data about LLM stock on TipRanks’ Stock Analysis page.