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Zeus Resources Ltd. ( (AU:ZEU) ) has provided an announcement.
Zeus Resources has begun trenching at its Casablanca Antimony Project, with the first trench (T1) intersecting a strongly oxidised antimony-bearing quartz vein within folded sandstone and shale along an anticline flank. Visual logging indicates an estimated 10% combined sulphide and oxidised antimony minerals, including primary stibnite and secondary oxides stibiconite and valentinite, confirming structural controls consistent with the broader anticline architecture; samples have been collected for laboratory assays, which will determine the actual grade and composition and could clarify the project’s potential significance for Zeus’s exploration strategy and its positioning in the antimony sector.
The most recent analyst rating on (AU:ZEU) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Zeus Resources Ltd. stock, see the AU:ZEU Stock Forecast page.
More about Zeus Resources Ltd.
Zeus Resources Limited is an ASX-listed exploration company focused on the Casablanca Antimony Project, where it is targeting structurally controlled antimony mineralisation within folded sedimentary rock formations. The company’s activities centre on identifying and defining priority antimony zones using geological mapping, geophysical data and trenching to evaluate the project’s potential in the antimony market.
Average Trading Volume: 953,885
Technical Sentiment Signal: Sell
Current Market Cap: A$7.9M
Learn more about ZEU stock on TipRanks’ Stock Analysis page.