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An update from Laneway Resources Ltd. ( (AU:SVG) ) is now available.
Savannah Goldfields Limited has updated the Mineral Resource estimate for its Agate Creek Project, showing an increase in Measured and Indicated resources to 9.4 million tonnes at 0.93 g/t gold, containing 282,000 ounces of gold. This update, which incorporates new geological data and accounts for mining depletion, enhances the company’s confidence as it progresses towards establishing a Maiden Ore Reserve. The company is also reviewing historical exploration data to identify further gold mineralization opportunities within the Agate Creek area, aiming to increase its gold inventory.
More about Laneway Resources Ltd.
Savannah Goldfields Limited operates in the mining industry, focusing on gold exploration and production. The company owns and manages projects like the Agate Creek and Georgetown Projects in Far North Queensland, which are part of a larger Intrusive Related Gold System (IRGS) and epithermal system.
Average Trading Volume: 1,103,759
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$16.55M
For an in-depth examination of SVG stock, go to TipRanks’ Overview page.