Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Ora Gold ( (AU:NMG) ) just unveiled an announcement.
New Murchison Gold has reported a series of high-grade gold intercepts from recent reverse circulation drilling at the Crown Prince East pit, a satellite deposit located about 300 metres east of the currently mined Crown Prince West pit. The results come from 49 RC holes and two diamond holes targeting a mineralised dilational zone in mafic rocks that hosts sub-parallel, southerly dipping lodes carrying gold in quartz carbonate veins.
The program has outlined two main orientations of high-grade mineralisation at Crown Prince East, with particularly strong grades where an ENE-striking, south-dipping lode set intersects a steeper north–south zone. These encouraging intercepts indicate potential for additional reserves in close proximity to existing Crown Prince operations, which could enhance the mine plan and support the transition from open-pit mining down to deeper underground development over time.
The most recent analyst rating on (AU:NMG) stock is a Buy with a A$0.07 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 developer focused on the Garden Gully Gold Project in Western Australia, where it is advancing the Crown Prince Gold Mine as a key asset. Listed on the ASX under the code NMG, the company is building its resource base through near-mine exploration aimed at supporting open-pit and potential underground mining operations.
Average Trading Volume: 33,352,276
Technical Sentiment Signal: Buy
Current Market Cap: A$543.2M
See more data about NMG stock on TipRanks’ Stock Analysis page.