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Laneway Resources Ltd. ( (AU:SVG) ) has shared an announcement.
Savannah Goldfields Limited, an exploration and mining company, has announced a new gold Exploration Target at the Red Dam deposit, part of its Georgetown Project. The target is estimated to be between 430,000 and 1,060,000 tonnes with gold grades ranging from 3.3 g/t to 5.4 g/t. This development is part of Savannah’s strategy to identify multiple sources of ore to feed its Georgetown Processing Plant, supporting its ‘Hub and Spoke’ strategy. The Red Dam Exploration Target is the first of several expected targets, which could potentially enhance Savannah’s mineral resources and underpin its long-term gold production operations.
More about Laneway Resources Ltd.
YTD Price Performance: 20.0%
Average Trading Volume: 811,701
Technical Sentiment Signal: Hold
Current Market Cap: A$20.87M
Find detailed analytics on SVG stock on TipRanks’ Stock Analysis page.