An update from OzAurum Resources Ltd. ( (AU:OZM) ) is now available.
OzAurum Resources Ltd announced the discovery of a high-grade gold zone over a 400-meter strike length at the New Cross Fault within the Mulgabbie North Gold Project. The recent air core drilling program confirmed significant mineralization, enhancing the project’s potential and validating the company’s exploration model. The discovery of new fault offsets and quartz veins, along with geological complexities typical of Western Australia Goldfields deposits, indicates promising prospects for further exploration and resource expansion. The company plans to commence reverse circulation drilling to explore these newly defined targets, potentially strengthening its position in the gold mining sector.
More about OzAurum Resources Ltd.
OzAurum Resources Ltd is a company operating in the gold mining industry, focusing on exploration and development of gold deposits. Their primary project is the Mulgabbie North Gold Project, which aims to identify and extract high-grade gold mineralization.
YTD Price Performance: 266.67%
Average Trading Volume: 4,619,994
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$21.72M
For a thorough assessment of OZM stock, go to TipRanks’ Stock Analysis page.