The latest update is out from Pan Asia Metals Ltd. ( (AU:FLG) ).
Flagship Minerals Limited has announced a review of drill data for its Pantanillo Gold Project, confirming the potential for significant gold mineralization and extension. The project hosts a qualifying foreign estimate of 47.4Mt at 0.69g/t Au for 1.05Moz Au, with most of it suitable for heap leach processing. The company is working on converting these estimates to Mineral Resources in accordance with the JORC Code, which could increase the resource size by lowering the cutoff grade. The recent permitting of a similar project in the area has reduced risks and is expected to aid in the transition to JORC-compliant resources, enhancing the project’s attractiveness.
More about Pan Asia Metals Ltd.
Flagship Minerals Limited is a company focused on the exploration and development of mineral resources, particularly in the gold sector. The company operates the Pantanillo Gold Project, an advanced exploration project located in the Maricunga Gold Belt in Northern Chile, which is known for its significant gold deposits.
YTD Price Performance: 25.00%
Average Trading Volume: 89,103
Technical Sentiment Signal: Hold
Current Market Cap: A$15.27M
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