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Ragnar Metals Limited ( (AU:RAG) ) has provided an announcement.
Ragnar Metals has commenced its maiden diamond drilling program at the Harnäs Gold Project in Sweden, marking a key step in testing what it views as a highly prospective high-grade gold system. The Phase 1 campaign will comprise up to 12 diamond drill holes for about 1,200m, aimed at confirming the geometry and continuity of mineralisation in high-priority zones identified through recent geophysics, channel sampling, surface geochemistry and historical drilling.
The program will focus on down-dip and along-strike extensions of previously reported high-grade intercepts that remain open at depth and along strike, as well as determining the orientation of interpreted high-grade ore shoots. Results from this drilling, with assays expected in six to eight weeks, are intended to validate Ragnar’s geological model at Harnäs and provide the basis for follow-up drilling and eventual resource definition, potentially enhancing the company’s growth prospects in the Scandinavian gold exploration sector.
The most recent analyst rating on (AU:RAG) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Ragnar Metals Limited stock, see the AU:RAG Stock Forecast page.
More about Ragnar Metals Limited
Ragnar Metals Limited is an Australia-based mineral exploration company focused on gold projects, with a key asset being the Harnäs Gold Project in Sweden. The company targets high-grade gold systems using geological, geochemical and geophysical techniques to define drill targets and advance prospects toward potential resource definition.
Average Trading Volume: 696,998
Technical Sentiment Signal: Buy
Current Market Cap: A$14.17M
Find detailed analytics on RAG stock on TipRanks’ Stock Analysis page.