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Australian Mines ( (AU:AUZ) ) has provided an announcement.
Australian Mines Limited has provided an update on its diamond drilling activities at the Boa Vista Gold Project in Brazil, where visible gold has been observed in the quartz veining of two drill holes. The drilling program aims to evaluate the mineralisation corridor and has successfully intersected the Interpreted Mineralised Envelope as predicted. While visible gold has been noted, assays are not yet available, and results will be released following the completion of sampling and quality assurance processes. This development could potentially enhance the company’s operational prospects and industry positioning, although the true impact will be clearer once assay results are available.
More about Australian Mines
Australian Mines Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the extraction of gold, with a significant project located in the Tapajós Mineral Province, Pará State, Brazil.
YTD Price Performance: 100%
Average Trading Volume: 31,900,115
Technical Sentiment Signal: Buy
Current Market Cap: A$40.21M
For an in-depth examination of AUZ stock, go to TipRanks’ Overview page.