tiprankstipranks

Far Northern Resources Identifies Promising Gold Prospects in North Queensland

Story Highlights

Far Northern Resources Limited ( (AU:FNR) ) has provided an announcement.

Far Northern Resources Limited has announced promising results from a rock chip sampling program at the Rocks Reef Project in Chillagoe, North Queensland. The exploration revealed economically viable results in previously under-explored zones, particularly at Savannah Way, Single Peak, China Wall South, and Roadside Copper Gold Prospects, with gold grades reaching up to 27.82 g/t. The company intends to conduct more detailed exploration, including mapping and drilling, to further evaluate these prospects, potentially impacting FNR’s exploration strategy and positioning in the mineral industry.

More about Far Northern Resources Limited

Far Northern Resources Limited (ASX:FNR) operates in the mining industry, focusing on exploration and development of mineral resources. The company is particularly engaged in identifying and evaluating potential sites with significant mineral deposits, primarily gold, in North Queensland.

YTD Price Performance: 27.27%

Average Trading Volume: 25,808

Technical Sentiment Consensus Rating: Hold

See more data about FNR stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App