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49 Metals Limited (ASX:49M)
ALERT: Price-sensitive ASX Announcement for 49M
Current share price for 49M : $0.093 0.002 (2.20%)+
Announcement
Release
24 Jul 2026 8:47AM
Price at Release
$0.091
Full Release
Summary
49 Metals Limited announced significant results from its RC drilling program at the Gold Mountain project in Nevada, demonstrating a broad mineralisation envelope around a high-grade feeder corridor. The latest assays from holes DRC#15 and DRC#16 confirmed the continuity and expansion of the mineralised zones, which remain open in multiple directions. The results provide confidence in the geological model and highlight the potential of the project to host significant epithermal gold systems. Further drilling is planned to explore the strike and depth extensions, with additional assays pending.
Key Points
- Significant oxide gold intercepts reported from Gold Mountain project.
- Hole DRC#16 confirms a broad mineralisation envelope around high-grade corridor.
- New assay results strengthen geological interpretation of Adit Zone.
- Mineralisation remains open in all directions at Gold Mountain.
- 49 Metals Limited sees potential in epithermal gold systems at Gold Mountain.
- Additional assays pending for several holes.
- Plans for further drilling to explore strike and depth extensions.
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.
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