InvestSMART

49 Metals Limited (ASX:49M)

ALERT: Price-sensitive ASX Announcement for 49M
Current share price for 49M : $0.081 -0.064 (-44.14%)+
Announcement
Release
14 May 2026 9:55AM
Price at Release
$0.145
Full Release
download
Summary
49 Metals Limited has reported promising initial assay results from the first eight holes of its drilling program at the Gold Mountain project in the Walker Lane trend of Nevada, USA. The results validate the company's structural and geological model, confirming high-grade gold and silver mineralization across multiple target zones. This supports the interpretation of a significant epithermal system with potential for high-grade shoots and broad mineralized envelopes. With additional assays pending and drilling continuing, there remains substantial opportunity to further define and expand these mineralized zones.
Key Points
  • 49 Metals Limited announced initial assay results from its maiden drilling program at the Gold Mountain project.
  • The project is located in the Walker Lane trend of Nevada, USA.
  • High-grade gold and silver mineralization was confirmed across multiple target zones.
  • The initial results support the company's structural and geological model.
  • Drilling confirmed multiple mineralized zones, both high-grade and bulk-tonnage.
  • Ongoing drilling and assays are expected to further define and expand these zones.
  • The results highlight the potential for significant mineralization within a large epithermal system.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.