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The latest update is out from Redcastle Resources Limited ( (AU:RC1) ).
Redcastle Resources has reported a new set of assay results from its ongoing reverse circulation grade control drilling campaign at the Redcastle Reef deposit, with more than 6,500 assays from 134 new holes confirming multiple shallow, high-grade gold shoots and strong mineralisation continuity across the lode system. With about 55% of the planned 12,800m program now complete, the closely spaced drilling is expanding the known footprint of very high-grade mineralisation and validating the company’s geological interpretation, providing greater confidence for near-term mine planning, scheduling and early access to shallow, high-grade ore that is expected to enhance operational flexibility and support upcoming production plans.
The most recent analyst rating on (AU:RC1) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Redcastle Resources Limited stock, see the AU:RC1 Stock Forecast page.
More about Redcastle Resources Limited
Redcastle Resources Limited is an Australian gold exploration and development company focused on the Redcastle Reef deposit in the Eastern Goldfields, where it is advancing near-surface and shallow high-grade gold mineralisation to support mine planning and production. The company is pursuing closely spaced reverse circulation grade control drilling to refine its geological model and improve grade definition for mining operations, with a particular emphasis on nuggety, high-grade ore similar to that found at its nearby Queen Alexandra deposit.
Average Trading Volume: 481,395
Technical Sentiment Signal: Buy
Current Market Cap: A$16.73M
Learn more about RC1 stock on TipRanks’ Stock Analysis page.