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Laneway Resources Ltd. ( (AU:SVG) ) has provided an announcement.
Savannah Goldfields Limited has announced a new exploration program targeting the Big Reef, Red Dam, and Electric Light Deposits near its Georgetown Gold Processing Plant, as well as the Agate Creek Project. The program involves an 80-hole drilling initiative aimed at identifying additional shallow oxide gold mineralization, which could extend the life of the Georgetown operations. This exploration is part of Savannah’s strategy to validate new gold exploration targets and potentially enhance its gold processing capabilities.
More about Laneway Resources Ltd.
Savannah Goldfields Limited operates in the mining industry, focusing on gold exploration and processing. The company is engaged in exploring and developing gold deposits, with a market focus on expanding its gold processing operations in Far North Queensland, Australia.
Average Trading Volume: 1,103,759
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$16.55M
For detailed information about SVG stock, go to TipRanks’ Stock Analysis page.