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The latest announcement is out from Norwest Minerals Ltd. ( (AU:NWM) ).
Norwest Minerals Limited has completed a five-hole Reverse Circulation (RC) drilling program at its Marymia East Gold project, targeting areas around a historical high-grade gold intersection. Assay results are expected next month. Concurrently, the company has commenced a second phase of RC drilling at the Bulgera Gold project, aiming to expand the current 288k ounce gold resource. Additionally, diamond core samples from Bulgera are being prepared for heap leach testwork to evaluate the economic viability of near-surface gold mineralization. These efforts are part of Norwest’s strategy to enhance its gold resource base and assess project viability, with results anticipated in the coming months.
More about Norwest Minerals Ltd.
Norwest Minerals Limited is a company involved in the gold exploration and development industry, focusing on projects such as Marymia East and Bulgera in Western Australia. The company aims to expand its gold resource base and assess the economic viability of its projects through targeted drilling and testwork.
Average Trading Volume: 2,735,513
Technical Sentiment Signal: Sell
Current Market Cap: A$12.36M
See more insights into NWM stock on TipRanks’ Stock Analysis page.