New Murchison Gold Updates Mineral Resource Estimate for Western Australia Deposit; Shares Rally 11%

MT Newswires Live

2024/11/28

New Murchison Gold (ASX:NMG) updated the mineral resource estimate for the Crown Prince deposit within the Garden Gully gold project in Western Australia, according to a Thursday filing with the Australian bourse.

The deposit's resource is estimated to stand at 2.2 million tonnes of material at 3.9 grams per tonne grade of gold for 279,000 gold contained ounces, the miner said in the filing.

Company shares rallied 11% in recent Thursday trade.

Price (AUD): $0.01, Change: $+0.001, Percent Change: +11.11%

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