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Mount Burgess Mining N.L. ( (AU:TXR) ) has provided an announcement.
Talonx Resources has reported new one-metre resample assays from its recent 10-hole reverse circulation drilling campaign at the Beaker 2 prospect within the Viking Gold Project in Western Australia. The results confirm significant high-grade primary gold mineralisation beneath the oxide zone, including 5 metres at 7.4 grams per tonne gold from 70 metres, with a one-metre interval grading 20.6 grams per tonne.
These assays support the interpretation of a structurally controlled high-grade gold shoot at Beaker 2 rather than simple supergene enrichment, strengthening the geological model guiding exploration. Talonx plans to restart RC drilling in late March to test extensions of this high-grade zone at Beaker 2 and investigate new targets at Beaker 4, potentially enhancing the project’s resource potential and strategic value for shareholders.
The most recent analyst rating on (AU:TXR) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Mount Burgess Mining N.L. stock, see the AU:TXR Stock Forecast page.
More about Mount Burgess Mining N.L.
Talonx Resources Limited is an Australian gold exploration company listed on the ASX and focused on advancing its Viking Gold Project, located about 30km southeast of Norseman in Western Australia. The company targets structurally controlled, high-grade primary gold systems, with current work concentrated on the Beaker 2 and Beaker 4 prospects within the Viking tenure.
Average Trading Volume: 1,260,887
Technical Sentiment Signal: Sell
Current Market Cap: A$10.36M
For a thorough assessment of TXR stock, go to TipRanks’ Stock Analysis page.