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Mount Burgess Mining N.L. ( (AU:TXR) ) has shared an announcement.
Talonx Resources has reported results from a 10-hole reverse circulation drilling program at the Beaker 2 prospect within its Viking Gold Project in Western Australia, confirming the continuity of shallow, high-grade oxide gold mineralisation. The campaign, which infilled historical drilling to about 40-metre spacing over roughly 300 metres of strike and at least 200 metres down dip, validated earlier intercepts and demonstrated that Beaker 2 forms a coherent near-surface gold system, underpinning its potential for future resource definition work; further RC drilling planned for March 2026 will focus on high-grade zones and potential extensions at both Beaker 2 and nearby Beaker 1, signalling a methodical de-risking of the project for investors and other stakeholders.
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 (ASX: TXR) is an Australian mineral exploration company focused on gold, with key activities centred on the Viking Gold Project located southeast of Norseman in Western Australia. The company is advancing shallow, near-surface gold prospects such as Beaker 1 and Beaker 2, where it is working to validate historical drilling and potentially define mineral resources in a well-known gold-producing region.
Average Trading Volume: 1,364,771
Technical Sentiment Signal: Sell
Current Market Cap: A$19M
For detailed information about TXR stock, go to TipRanks’ Stock Analysis page.