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Norwest Minerals Ltd. ( (AU:NWM) ) has provided an update.
Norwest Minerals Limited has announced successful results from the Phase 1 reverse circulation drilling program at its Bulgera Gold project, confirming significant gold mineralization at depth. The drilling has extended the gold lodes, with eight out of eleven holes intersecting gold between 50 and 320 meters down dip of previous drilling. The company is preparing for Phase 2 drilling in October, following clearance from a Heritage Study, and is advancing a heap leach cashflow model for the project’s oxide gold. These developments are crucial steps in Norwest’s strategy to maximize the value of the Bulgera project, potentially increasing its gold resources and enhancing its industry positioning.
More about Norwest Minerals Ltd.
Norwest Minerals Limited is an Australian company operating in the mining industry, primarily focused on gold exploration and development. The company is engaged in advancing its Bulgera Gold project, aiming to expand its gold resources and enhance its market position in the gold sector.
Average Trading Volume: 1,527,577
Technical Sentiment Signal: Sell
Current Market Cap: A$14.42M
For a thorough assessment of NWM stock, go to TipRanks’ Stock Analysis page.