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Nagambie Resources Limited ( (AU:NAG) ) has shared an announcement.
Nagambie Resources Limited announced a significant discovery of an antimony-gold lode, named the C4 lode, located 130 meters east of the existing C1 lode. The discovery, made through diamond hole NAD056, revealed a high-grade intersection with an average of 40.5 g/t gold equivalent over a 1.83-meter estimated horizontal thickness. This finding is expected to significantly enhance the company’s gold equivalent ounces per vertical meter and suggests potential for further resource expansion, as the area remains largely untested. The company plans to conduct further drilling to evaluate the full extent of the C4 lode and its impact on the current JORC Inferred Resource.
More about Nagambie Resources Limited
Nagambie Resources Limited operates in the mining industry, focusing on the exploration and development of gold and antimony resources. The company is actively involved in expanding its resource base and enhancing its market position through strategic exploration activities.
Average Trading Volume: 900
Technical Sentiment Signal: Strong Buy
Current Market Cap: €8.71M
For an in-depth examination of NAG stock, go to TipRanks’ Stock Analysis page.