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Norfolk Metals Ltd. ( (AU:NFL) ) has provided an update.
Norfolk Metals Ltd. has expanded its Maiden RC and DDH drilling program, with 30 out of 50 planned holes drilled, aiming to confirm historical high-grade copper intercepts along the Tabaco Thrust. The company is also conducting reconnaissance mapping and surface sampling in the Higueritas Belt, targeting visible copper oxides and strong IP chargeability anomalies, while re-assaying historical diamond holes to confirm copper and gold grades. This strategic move is expected to enhance the resource potential of the Carmen Project and strengthen Norfolk’s position in the mining sector.
More about Norfolk Metals Ltd.
Norfolk Metals Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources, particularly copper and gold. The company is engaged in drilling programs to validate historical data and expand its resource base, with a market focus on enhancing the value of its projects through detailed exploration activities.
Average Trading Volume: 231,815
Technical Sentiment Signal: Buy
Current Market Cap: A$14.81M
For a thorough assessment of NFL stock, go to TipRanks’ Stock Analysis page.