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Rincon Resources Ltd. ( (AU:RCR) ) has provided an update.
Rincon Resources Ltd. has announced plans to expand its Hasties Main Deposit at the South Telfer project, with drilling scheduled to commence within the next three months. This expansion is strategically located near Greatland Gold PLC’s Telfer Gold Mine, offering potential development advantages. Additionally, Rincon has signed an option agreement for the Crackerbox Gold project, which includes multiple significant historic drilling results and untested targets, indicating promising exploration potential. The company is also preparing to execute a drilling program and drone survey at Laverton, while no exploration activity occurred at West Arunta this quarter.
More about Rincon Resources Ltd.
Rincon Resources Ltd. operates in the mining industry, focusing on the exploration and development of gold and copper deposits. The company is engaged in projects in Western Australia, including the South Telfer, Crackerbox, Laverton, and West Arunta projects, with a market focus on expanding its mineral resource base and enhancing its exploration activities.
Average Trading Volume: 818,233
Technical Sentiment Signal: Hold
Current Market Cap: A$4.39M
See more insights into RCR stock on TipRanks’ Stock Analysis page.