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Laneway Resources Ltd. ( (AU:SVG) ) has provided an announcement.
Savannah Goldfields Limited, operating in the mining industry, has announced promising results from its recent drilling program at the Electric Light Prospect, part of the Georgetown Gold Project in North Queensland. The drilling results revealed high-grade gold intercepts, with the best intercept recording 7 meters at 9.92 grams per tonne of gold. This discovery supports the company’s geological model and suggests potential to increase the current inferred mineral resource. Further drilling and metallurgical testing are planned to extend the model and enhance resource estimates.
More about Laneway Resources Ltd.
Average Trading Volume: 8,579,889
Technical Sentiment Signal: Sell
Current Market Cap: A$49.26M
For a thorough assessment of SVG stock, go to TipRanks’ Stock Analysis page.