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%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.