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The latest update is out from Zuleika Gold Limited ( (AU:ZAG) ).
Zuleika Gold Limited has announced a maiden inferred mineral resource for its Paradigm East deposit, reporting 12,600 ounces of gold at a 0.5 g/t cut-off, equating to 288,000 tonnes at 1.36 g/t gold. This new estimate, prepared under the JORC 2012 Code following drilling completed since 2020 and Zuleika’s 2024 earn-in to the project, lifts the company’s combined inferred and indicated resources at Credo Well and Paradigm East to 35,200 ounces, or 577,000 tonnes at 1.90 g/t gold. With a mining lease application under way and further resource development and improvement drilling being planned, the Paradigm East resource underscores the exploration potential of the 2.5km structural corridor east of the Paradigm Gold Mine and marks a step toward advancing Zuleika’s assets in the Kalgoorlie region.
The most recent analyst rating on (AU:ZAG) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Zuleika Gold Limited stock, see the AU:ZAG Stock Forecast page.
More about Zuleika Gold Limited
Zuleika Gold Limited is an Australian gold exploration and development company focused on the Zuleika Project Area near Kalgoorlie in Western Australia. The company targets orogenic gold mineralisation within sheared and faulted mafic and volcaniclastic sediments along regional structural corridors in the prolific Kalgoorlie–Kundana–Menzies goldfields, with current resources centred on the Credo Well and Paradigm East deposits.
Average Trading Volume: 942,242
Technical Sentiment Signal: Buy
Current Market Cap: A$48.2M
See more insights into ZAG stock on TipRanks’ Stock Analysis page.