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Norwest Minerals Ltd. ( (AU:NWM) ) has issued an update.
Norwest Minerals has reported high-grade gold assay results from recent reverse circulation and diamond drilling at the Marymia East Gold Project, located less than 10 kilometres southeast of its Bulgera Gold Project in Western Australia. The latest program at the Shiraz prospect delivered a standout intersection of 3 metres at 7.93 grams per tonne gold from 48 metres, including 1 metre at 21.4 grams per tonne, reinforcing earlier shallow hits at both Shiraz and the nearby Chardoney prospect.
The company is evaluating Marymia East as a near-surface satellite feed source for the planned Bulgera heap leach operation, with extensive historical drilling confirming broad zones of shallow mineralisation across the area. These results, combined with a comprehensive review of 1990s exploration that identified a deeper source structure, underpin Norwest’s plans to establish maiden resources at Shiraz and Chardoney and come as an updated Bulgera mineral resource estimate is being finalised.
The most recent analyst rating on (AU:NWM) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Norwest Minerals Ltd. stock, see the AU:NWM Stock Forecast page.
More about Norwest Minerals Ltd.
Norwest Minerals Limited is an Australian exploration company focused on gold and base metal projects in Western Australia. The company’s portfolio includes the Bulgera Gold Project and the nearby Marymia East Gold Project, where it is advancing prospects that could provide satellite feed for a potential heap leach gold operation.
Average Trading Volume: 3,127,461
Technical Sentiment Signal: Buy
Current Market Cap: A$22.71M
See more data about NWM stock on TipRanks’ Stock Analysis page.