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The latest announcement is out from Ora Gold ( (AU:NMG) ).
New Murchison Gold has reported high-grade drilling results from the Lydia gold prospect, located on a granted mining lease about 800 metres west of its Crown Prince Gold Mine in Western Australia. Recent reverse circulation and diamond drilling along the Lydia shear zone have extended the known depth and strike of the main mineralised structure, with multiple strong intercepts confirming mineralisation similar in style and thickness to Crown Prince. The company is evaluating Lydia as a potential addition to its production line, aiming to leverage existing infrastructure at Crown Prince to accelerate development and integrate the prospect into its resource and reserve inventory, which could strengthen its near-mine production profile and enhance project economics.
The most recent analyst rating on (AU:NMG) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Ora Gold stock, see the AU:NMG Stock Forecast page.
More about Ora Gold
New Murchison Gold Limited is an Australian gold exploration and development company focused on the Garden Gully Gold Project in Western Australia. Its flagship asset is the Crown Prince Gold Mine, located near Meekatharra, where the company is targeting high-grade gold deposits and seeking to expand its resource and reserve base within trucking distance of existing processing and support infrastructure.
YTD Price Performance: -2.00%
Average Trading Volume: 25,386,272
Technical Sentiment Signal: Buy
Current Market Cap: A$530.3M
For a thorough assessment of NMG stock, go to TipRanks’ Stock Analysis page.