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Red Hill Iron Limited ( (AU:RHI) ) has provided an announcement.
Red Hill Minerals has reported new assay results from reverse circulation and diamond drilling at its Barkley gold target within the West Pilbara Gold and Base Metal Project, confirming a mineralised and altered footprint extending over one kilometre in strike and remaining open in several directions. The drilling, including twin diamond holes and re-assayed one-metre RC samples, returned multiple intervals of gold mineralisation up to 9 metres at 2.4 grams per tonne, prompting the start of geological modelling to guide follow-up drilling and potentially enhance the project’s prospectivity for future resource definition and development.
The most recent analyst rating on (AU:RHI) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on Red Hill Iron Limited stock, see the AU:RHI Stock Forecast page.
More about Red Hill Iron Limited
Red Hill Minerals Limited is an Australian exploration company focused on gold and base metal projects in the West Pilbara region of Western Australia. The company advances early-stage mineral targets through drilling and geological modelling with the aim of defining economically viable resources in a prospective mining district.
Average Trading Volume: 27,914
Technical Sentiment Signal: Buy
Current Market Cap: A$325.1M
Find detailed analytics on RHI stock on TipRanks’ Stock Analysis page.