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An announcement from Magnum Mining and Exploration Limited ( (AU:MGU) ) is now available.
Magnum Mining and Exploration has completed an ultra‑high resolution helicopter-based aeromagnetic and radiometric survey over its Parker Gold and La Cienega copper‑gold projects in Arizona, generating far more detailed subsurface data than existing geological mapping and positioning the company to refine its understanding of these highly prospective systems. Once final processed survey results are received in about four weeks, Magnum plans to launch an extensive surface program at Parker, including systematic soil sampling and targeted rock-chip sampling over known mineralised structures and alteration zones, to delineate geochemical anomalies and prioritise drill targets, potentially advancing the projects toward a more defined exploration and development pathway.
More about Magnum Mining and Exploration Limited
Magnum Mining and Exploration Limited is an Australia-listed mineral exploration company focused on gold and copper-gold projects, with key assets in Arizona, USA. Its Parker Gold and La Cienega projects lie along the Walker Trend and Colorado River Extension Zone, regions of intensive gold, copper and rare earth element exploration, and host Mississippi Valley Type and potentially IOCG-style mineralisation with historically high-grade surface and mine samples.
Average Trading Volume: 19,059,728
Technical Sentiment Signal: Sell
Current Market Cap: A$15.97M
For a thorough assessment of MGU stock, go to TipRanks’ Stock Analysis page.