Ora Gold ( (AU:NMG) ) just unveiled an update.
New Murchison Gold Limited has confirmed the presence of high-grade gold mineralized zones at depth in the Crown Prince Gold Project, part of their Garden Gully Gold Project. Recent diamond drilling results, including a significant gold intercept at 568 meters, suggest potential for underground mining operations following the planned open pit development. These findings are expected to enhance the company’s resource estimates and support further studies for underground production, potentially impacting the company’s operational strategy and market positioning.
More about Ora Gold
New Murchison Gold Limited (ASX:NMG) operates in the gold mining industry, focusing on the exploration and development of gold projects. The company is primarily engaged in the Garden Gully Gold Project near Meekatharra, Western Australia, with a market capitalization of $177 million.
YTD Price Performance: 15.38%
Average Trading Volume: 103,125
Technical Sentiment Signal: Hold
Current Market Cap: €94.49M
Learn more about NMG stock on TipRanks’ Stock Analysis page.