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Prodigy Gold NL ( (AU:PRX) ) just unveiled an update.
Prodigy Gold NL has reported encouraging diamond drilling results from its Hyperion Gold Deposit within the Tanami North Project in the Northern Territory, with six holes totalling 1,013 metres aimed at testing down-dip and along-strike extensions of known mineralisation in the Seuss and Tethys lodes and improving geological confidence in key structural corridors. Assays from four holes returned broad and higher-grade gold intercepts, including 42.5 metres at 1.2 g/t gold and 9 metres at 4.3 g/t gold with a 2-metre interval at 17.8 g/t, and the company noted the first recorded occurrence of visible gold at Hyperion, a positive indicator that could enhance the deposit’s exploration potential and support future development studies, while additional metallurgical holes have been drilled with results pending.
The most recent analyst rating on (AU:PRX) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Prodigy Gold NL stock, see the AU:PRX Stock Forecast page.
More about Prodigy Gold NL
Prodigy Gold NL is an Australian gold exploration company focused on advancing its Tanami North Project in the Northern Territory, where it is targeting lode-hosted gold deposits such as the Hyperion and Tregony prospects.
Average Trading Volume: 352,968
Technical Sentiment Signal: Sell
Current Market Cap: A$22.25M
See more data about PRX stock on TipRanks’ Stock Analysis page.