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Waseco Resources ( (TSE:WRI) ) has provided an update.
Waseco Resources Inc., through its subsidiary Waseco Resources US Inc., was involved in an option agreement with Marigold Mining Company regarding the Battle Mountain Ridge property in Nevada. Recently, Marigold terminated this agreement after completing a drilling program that confirmed the presence of gold mineralization, fulfilling the Phase 1 Work Requirement. The property, located near the Marigold Mine, has shown potential through drilling results, but the exploration focus is shifting towards deeper, higher-grade sulfide systems. The termination of this agreement could impact Waseco Resources’ exploration strategy and stakeholders as they reassess their position in the gold mining sector.
More about Waseco Resources
YTD Price Performance: -10.0%
Average Trading Volume: 42,923
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$750.3K
See more insights into WRI stock on TipRanks’ Stock Analysis page.
