Ongold Resources Files Technical Report for Monument Bay Project

Ongold Resources Ltd ( (TSE:ONAU) ) has shared an announcement.

Ongold Resources Ltd has filed a technical report for its Monument Bay Gold Project, detailing historical mineral resource estimates compliant with NI 43-101 standards. The report highlights the project’s potential with approximately 2.3 million ounces of gold in measured and indicated resources, and 720,000 ounces in inferred resources. While these estimates are historical and not current, they provide a conceptual indication of the deposit’s size and grade, supporting ongoing exploration efforts. This announcement underscores Ongold’s strategic positioning in the mining sector and its commitment to advancing exploration at Monument Bay, which could have significant implications for stakeholders.

More about Ongold Resources Ltd

Ongold Resources Ltd is a company in the mining industry, primarily focused on the exploration and development of gold and tungsten resources. Their market focus includes district-scale exploration opportunities, particularly in the Monument Bay area located in northeastern Manitoba, which is known for significant gold and tungsten mineralization.

Average Trading Volume: 16,754

Technical Sentiment Signal: Strong Sell

For detailed information about ONAU stock, go to TipRanks’ Stock Analysis page.