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Metalsgrove Mining Ltd. ( (AU:MGA) ) has provided an announcement.
MetalsGrove Mining has defined its first potential gold drill target at the Fifty-Five Prospect on the Zuénoula permit in Côte d’Ivoire, identifying two parallel, more than 2.5km-long, northeast-trending gold-anomalous zones from broad-spaced soil sampling. These anomalies, with peak values up to 583 parts per billion gold, align with major regional fault structures known to host significant gold deposits in the country.
The company plans to tighten soil sampling density, undertake auger drilling during the coming wet season, and use LiDAR-based topographical mapping to refine drill targeting ahead of reverse circulation or diamond drilling. Additional soil and termite mound assays, along with ongoing regional infill programs across other prospects, are expected to build a pipeline of drill-ready targets and provide continuous news flow as MetalsGrove advances its Central West Gold Project.
More about Metalsgrove Mining Ltd.
MetalsGrove Mining Ltd. is an Australia-listed exploration company focused on gold projects in West Africa, particularly within Côte d’Ivoire’s prospective greenstone belts. The company is advancing its Central West Gold Project, where it is using systematic soil geochemistry, auger drilling, and high-resolution LiDAR surveys to delineate potential gold deposits for future reverse circulation and diamond drilling.
Average Trading Volume: 121,505
Technical Sentiment Signal: Buy
Current Market Cap: A$14.99M
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