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An update from TG Metals Ltd. ( (AU:TG6) ) is now available.
TG Metals has reported a new gold discovery approximately 550 metres south and along strike of its existing Van Uden mineral resource, with reverse circulation drilling intercepting multiple shallow gold zones that extend the defined deposit to more than 3 kilometres within an overall mineralised strike of over 7 kilometres. The latest assays, including intervals such as 3 metres at 3.46 g/t gold and 11 metres at 1.19 g/t gold, suggest the potential to materially increase the current resource, while a large portion of the Van Uden shear to the south remains untested and 76 drill holes are still awaiting results ahead of further drilling, including the project’s first diamond core program, later this month.
The most recent analyst rating on (AU:TG6) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on TG Metals Ltd. stock, see the AU:TG6 Stock Forecast page.
More about TG Metals Ltd.
TG Metals Ltd (ASX: TG6) is an Australian mineral exploration company focused on gold development at its Van Uden Gold Project in Western Australia. The company is advancing a growing gold resource along the Van Uden shear zone, where drilling and surface geochemistry have outlined a multi-kilometre mineralised corridor with potential for further resource expansion within existing mining leases.
Average Trading Volume: 228,302
Technical Sentiment Signal: Buy
Current Market Cap: A$25.31M
Find detailed analytics on TG6 stock on TipRanks’ Stock Analysis page.