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Firetail Resources Limited ( (AU:M79) ) has provided an update.
Mammoth Minerals Limited has reported promising results from its initial diamond drilling program at the Excelsior Gold Project in Nevada. The drilling has confirmed extensive and open mineralization, validating the company’s targeting model and leading to the commencement of a Mineral Resource Estimate. The results indicate the potential for significant expansion of the known mineralized envelope, which could enhance the project’s scale and confidence. This development is seen as a positive step for Mammoth Minerals, potentially boosting its industry positioning and offering promising implications for stakeholders.
More about Firetail Resources Limited
Mammoth Minerals Limited operates in the mining industry, focusing on mineral exploration and development. The company is primarily engaged in the exploration of gold resources, with a significant project located at the Excelsior Gold Project in Nevada, USA.
Average Trading Volume: 820,279
Technical Sentiment Signal: Buy
Current Market Cap: A$64.29M
For detailed information about M79 stock, go to TipRanks’ Stock Analysis page.