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The latest announcement is out from Firetail Resources Limited ( (AU:M79) ).
Mammoth Minerals has entered into an exclusive option to acquire the high-grade Imperial Gold Mine in Nevada, located just 5km from its Excelsior Springs Gold Project, and has expanded its contiguous landholding in the district to 135km². Historical drilling and underground sampling at Imperial have returned multiple high-grade gold intercepts and confirmed Carlin-type mineralisation, underpinning Mammoth’s strategy to build a district-scale gold and silver position while ongoing RC drilling at Excelsior and field work at the Blue Dick Silver Project aim to define additional resources and targets.
The most recent analyst rating on (AU:M79) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Firetail Resources Limited stock, see the AU:M79 Stock Forecast page.
More about Firetail Resources Limited
Mammoth Minerals Limited is an ASX-listed mineral exploration company focused on gold and silver projects in Nevada, U.S. Its flagship asset is the Excelsior Springs Gold Project, which it is progressively expanding into a larger regional landholding that also includes the Blue Dick Silver Project. The company targets high-grade precious metal systems, with an emphasis on Carlin-style gold mineralisation.
Average Trading Volume: 1,203,318
Technical Sentiment Signal: Sell
Current Market Cap: A$45.83M
See more insights into M79 stock on TipRanks’ Stock Analysis page.