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West Cobar Metals Ltd. ( (AU:WC1) ) just unveiled an announcement.
West Cobar Metals Ltd. has announced progress in its reconnaissance air core drill program at the Mystique Gold project, specifically at the Themis South and Torquata Gold Prospects. Interim results from 32 of the 45 holes drilled so far indicate the discovery of a new gold system with a 400m anomalous gold horizon in the saprolite zone. The company plans to complete the drilling by the end of October, with full assay results expected in November. The findings have led to a revised model of gold mineralization controls, highlighting the significance of NW-SE structures. This development could enhance West Cobar’s positioning in the gold exploration sector and potentially impact stakeholders by identifying new areas of interest for further exploration.
More about West Cobar Metals Ltd.
West Cobar Metals Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is engaged in gold exploration projects, with a particular emphasis on its 100%-owned Mystique Project located east of Kalgoorlie.
Average Trading Volume: 1,644,022
Technical Sentiment Signal: Buy
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