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The latest announcement is out from Peel Mining Limited ( (AU:PEX) ).
Red Hill Minerals has reported initial results from its maiden diamond drilling program at the Anabama Copper-Gold Project in South Australia, part of its Curnamona Earn-In Joint Venture with Peel Mining. Assays from the first hole, 25ANDD001, confirm copper-gold-silver mineralisation in fresh bedrock and extend known mineralisation 130 metres below historic drilling, including a 20-metre intersection grading 0.6% copper, 0.2 g/t gold and 3.0 g/t silver from 313.1 metres, with higher-grade intervals over several metres. Results from a second hole are pending, and downhole electromagnetic surveys planned for late January are expected to refine the understanding of the mineralised system, potentially enhancing the project’s exploration upside and strategic importance within Red Hill’s copper-gold portfolio.
The most recent analyst rating on (AU:PEX) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.
More about Peel Mining Limited
Red Hill Minerals Limited is an Australian mineral exploration company listed on the ASX, focused on copper and gold projects. Through its Curnamona Earn-In Joint Venture with Peel Mining Limited in South Australia, the company is targeting structurally controlled copper-gold mineralisation along key shear zones such as the Anabama-Redan Shear Zone.
YTD Price Performance: 6.67%
Average Trading Volume: 1,342,950
Technical Sentiment Signal: Buy
Current Market Cap: A$133.6M
For a thorough assessment of PEX stock, go to TipRanks’ Stock Analysis page.