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Laneway Resources Ltd. ( (AU:SVG) ) has issued an update.
Savannah Goldfields Limited has provided an update on its exploration activities at the Georgetown Gold Project, specifically at the Electric Light Prospect. The company completed a diamond drilling program, revealing significant gold intercepts, and additional reverse circulation drilling to explore and expand known mineralized zones. The results are expected to enhance the structural understanding of the mineralization and optimize gold recovery processes, potentially impacting the company’s operational efficiency and market position.
The most recent analyst rating on (AU:SVG) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Laneway Resources Ltd. stock, see the AU:SVG Stock Forecast page.
More about Laneway Resources Ltd.
Savannah Goldfields Limited is a company operating in the mining industry, focusing on gold exploration and production. The company is engaged in the development of gold projects, with a particular emphasis on the Georgetown Gold Project located in far north Queensland, Australia.
Average Trading Volume: 9,422,622
Technical Sentiment Signal: Sell
Current Market Cap: A$42.83M
See more insights into SVG stock on TipRanks’ Stock Analysis page.