Rincon Resources to Expand South Telfer Gold Project with New Drilling Plans

Rincon Resources Ltd. ( (AU:RCR) ) has issued an update.

Rincon Resources Ltd. has announced plans to drill extensions of its Hasties gold deposits at the South Telfer Gold Project, aiming to expand the existing Mineral Resource Estimate (MRE) and assess rock density and metallurgical recovery for gold and copper. The drilling program is strategically significant due to its potential to enhance the project’s robustness, especially in light of the recent gold price surge and Greatland Gold’s acquisition of the nearby Telfer Gold-Copper mine. The company is preparing to conduct a drone magnetic survey and secure necessary permits to commence drilling, which could significantly impact its operations and industry positioning.

More about Rincon Resources Ltd.

Rincon Resources Limited is an exploration company focused on the development of mineral resources, primarily gold and copper, in Western Australia. The company’s South Telfer Gold Project is strategically located near the Telfer Gold Mine, enhancing its market focus on expanding its gold and copper resource base.

YTD Price Performance: 40.0%

Average Trading Volume: 1,587,961

Technical Sentiment Signal: Buy

Current Market Cap: A$4.1M

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