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Javelin Minerals Limited (ASX:JAV)

ALERT: Price-sensitive ASX Announcement for JAV
Current share price for JAV : $0.092 0.089 (2,966.67%)+
Announcement
Release
19 Nov 2024 8:22AM
Price at Release
$0.003
Full Release
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Summary
Javelin Minerals Limited announced the identification of numerous strong drill targets at the Eureka Gold Project located in Western Australia. The targets emerged from a detailed analysis of historical geophysical data, indicating significant potential for gold mineralization in areas previously untested by systematic drilling. The Eureka Gold Project, situated near Kalgoorlie and boasting a JORC Resource of 112,000 ounces, is set to initiate drilling activities in early 2025, with expectations of uncovering high-grade gold deposits based on historical results and new geological insights.
Key Points
  • Numerous strong drill targets identified at Eureka Gold Project.
  • Targets show robust magnetic and geochemical signatures.
  • Drilling at Eureka is scheduled to start in early 2025.
  • Eureka has a JORC Resource of 112,000 ounces of gold.
  • Historical drilling results include high-grade intersections.
  • Eureka is located near the world-class Paddington gold mine.
  • Javelin also owns the Coogee Gold Project, with drilling planned soon.
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.