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Red Mountain Mining Unveils New Gold Targets at Kiabye Project

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Red Mountain Mining Unveils New Gold Targets at Kiabye Project

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Red Mountain Mining Ltd ( (AU:RMX) ) has provided an announcement.

Red Mountain Mining Ltd has identified new high priority gold targets at its Kiabye Gold Project in Western Australia following a successful ground magnetics survey. The survey uncovered two significant magnetic anomalies in previously unsampled areas, suggesting potential sources of historical alluvial gold. The company plans to drill test these features, aiming for a near-surface gold discovery, which could enhance its position in the gold exploration industry.

More about Red Mountain Mining Ltd

Red Mountain Mining Ltd is an Australia and Canada-based company specializing in the exploration of gold and battery metals.

Average Trading Volume: 13,000

Technical Sentiment Signal: Buy

Current Market Cap: €2.09M

Learn more about RMX stock on TipRanks’ Stock Analysis page.

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