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Metalsgrove Mining Ltd. ( (AU:MGA) ) has issued an update.
MetalsGrove Mining has identified its first gold exploration target on the Zuénoula permit (PR-750) in Côte d’Ivoire after district-scale soil sampling outlined a significant cluster of anomalous gold values coincident with a northeast-trending mafic volcanic unit intruded by granite. The company has already collected 200 of 320 planned 1km-by-1km soil samples and is now moving to higher-density infill sampling over a 13 km² anomalous area, supported by a newly established PortablePPB field assay lab in Zuénoula and the mobilisation of a second SEMS Exploration sampling crew, as it accelerates target definition and potential drill planning across a contiguous corridor of prospective ground that includes the neighbouring Kounahiri West and recently granted Vavoua permits.
The most recent analyst rating on (AU:MGA) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Metalsgrove Mining Ltd. stock, see the AU:MGA Stock Forecast page.
More about Metalsgrove Mining Ltd.
MetalsGrove Mining Limited (ASX: MGA) is a mineral exploration company focused on gold exploration in Côte d’Ivoire, particularly within the Central West Gold Project spanning 1,315 km² across the Gemica and Stellar joint venture permits. The project is strategically located along the Abujar–Napié gold trend in the Oumé–Fetekro Birimian greenstone belt, an emerging West African gold district that already hosts significant producing and developing gold assets.
Average Trading Volume: 182,928
Technical Sentiment Signal: Buy
Current Market Cap: A$11.2M
For detailed information about MGA stock, go to TipRanks’ Stock Analysis page.