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The latest update is out from Laneway Resources Ltd. ( (AU:SVG) ).
Savannah Goldfields Limited has shifted its exploration drilling focus from Big Reef to the Electric Light Deposit within its Georgetown Gold Project. The company has completed a Reverse Circulation drilling program at Big Reef and is now progressing with further drilling at Electric Light, aiming to expand its gold inventory and extend the processing life at its Georgetown Gold Processing Plant. The exploration efforts are expected to enhance the company’s resource base and support near-term mining activities, with plans for additional diamond drilling in October.
More about Laneway Resources Ltd.
Savannah Goldfields Limited is a company operating in the mining industry, focusing on gold exploration and production. The company is engaged in activities at the Georgetown Gold Project in Far North Queensland, Australia, where it manages gold deposits and processing facilities.
Average Trading Volume: 3,276,609
Technical Sentiment Signal: Hold
Current Market Cap: A$26.91M
Learn more about SVG stock on TipRanks’ Stock Analysis page.