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Blue Thunder Mining ( (TSE:BLUE) ) has shared an announcement.
Orbec has announced promising results from a high-resolution magnetic survey at its Muus gold project, identifying two prospective target zones with structural features similar to major regional deposits. The company is refining drill targets with drilling expected soon, aiming to confirm significant gold mineralization. The survey results align with Orbec’s strategy, similar to IAMGOLD’s Nelligan discovery, reinforcing the potential of the Muus project within this prolific gold belt. The announcement also includes the granting of options to directors, officers, and consultants, subject to TSX Venture Exchange approval.
More about Blue Thunder Mining
Orbec is a gold company that owns 100% of a large and highly prospective mineral claim position near Chibougamau, Québec. The Muus Project covers approximately 25,250 hectares in the northeastern part of the Abitibi Greenstone Belt. Muus is prospective for gold mineralization and is adjacent to and on strike with IAMGOLD’s 8.3 million oz Nelligan Gold Project.
YTD Price Performance: -25.64%
Average Trading Volume: 15,063
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3M
Learn more about BLUE stock on TipRanks’ Stock Analysis page.