InvestSMART

49 Metals Limited (ASX:49M)

ALERT: Price-sensitive ASX Announcement for 49M
Current share price for 49M : $0.110 0.015 (15.79%)+
Announcement
Release
1 Jul 2026 8:46AM
Price at Release
$0.095
Full Release
download
Summary
49 Metals Limited has announced additional significant assay results from its drilling program at the Gold Mountain project in Nevada, USA. The latest results from RC hole DRC#16 revealed a high-grade gold intercept of 6.1 meters at 5.0 g/t Au within a broader interval of 15.2 meters at 2.4 g/t Au. This hole, along with DRC#9, suggests a continuous high-grade feeder structure that remains open in all directions. Further assays are pending, and early interpretations indicate the presence of a large epithermal gold system, enhanced by extensive historic workings and geophysical anomalies. 49 Metals continues to explore and assess these results to understand the potential size and scope of the mineralized system.
Key Points
  • High-grade gold intercept in hole DRC#16 at Gold Mountain.
  • DRC#16 demonstrates continuity with previous discoveries in DRC#9.
  • The interpreted high-grade feeder structure remains open in all directions.
  • Pending assays for the upper portion of DRC#16 and other holes.
  • Gold Mountain project displays characteristics of large epithermal systems.
  • 49 Metals aims to understand the geological model and potential of the 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.