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Tolu Minerals Limited ( (AU:TOK) ) has shared an update.
Tolu Minerals Limited has announced the commencement of a significant exploration program aimed at expanding its existing Mineral Resource Estimate (MRE) along the Tolukuma gold mineralized corridor in Papua New Guinea. The AU$15 million program involves deploying seven diamond drill rigs, conducting surface geological mapping, and geochemical sampling to explore new and historical gold prospects. This initiative is expected to significantly enhance Tolu’s gold production capabilities and demonstrate the regional development potential of both epithermal and porphyry targets, thereby positioning the company for substantial growth and transformational discoveries.
More about Tolu Minerals Limited
Tolu Minerals Limited operates in the mining industry, focusing on gold exploration and production. The company is engaged in expanding its mineral resource estimates and enhancing its production capabilities, with a primary focus on gold, silver, and copper mineralization.
Average Trading Volume: 45,990
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$173.7M
For a thorough assessment of TOK stock, go to TipRanks’ Stock Analysis page.