TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Kainantu Resources Ltd ( (TSE:SPMC) ) has provided an announcement.
South Pacific Metals Corp. has announced significant multi-element rock chip assay results from its Ontenu NE prospect within the Osena Project, located in the Kainantu Transfer Zone. The assays revealed high-grade copper, silver, and gold mineralization, with notable results including copper grades up to 21.2%. These findings, alongside previously released gold results, underscore the potential of the Ontenu NE area, which is characterized by intermediate sulfidation epithermal deposits similar to those mined by K92 Mining. The company has commenced drilling in the southern part of Ontenu NE, aiming to further explore and test the discovered structures.
More about Kainantu Resources Ltd
Average Trading Volume: 148,048
Technical Sentiment Signal: Hold
Current Market Cap: C$30.59M
For an in-depth examination of SPMC stock, go to TipRanks’ Overview page.