Forrestania Resources Limited ( (AU:FRS) ) has issued an announcement.
Forrestania Resources Limited has announced significant results from its second phase of drilling at the Ada Ann prospect within the Bonnie Vale Project. The drilling has extended the gold mineralization by 60 meters to the south and remains open at depth, with a notable intersection of 4 meters at 16 grams per tonne of gold. These results not only confirm the presence of high-grade gold mineralization at depth but also enhance the project’s prospectivity, potentially impacting the company’s operational strategy and stakeholder interests positively.
More about Forrestania Resources Limited
Forrestania Resources Limited is a company operating in the mining industry, focusing on the exploration and development of gold resources. The company is actively involved in projects in Western Australia’s Eastern Goldfields, particularly the Bonnie Vale Project near Coolgardie.
YTD Price Performance: 92.86%
Average Trading Volume: 2,373,888
Technical Sentiment Signal: Sell
Current Market Cap: A$7.09M
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