Diablo Resources Limited (AU:DBO) has released an update.
Diablo Resources Ltd is progressing with its mining projects in the USA, awaiting a 5-year permit approval from the USFS for its King Solomon Project in Idaho, and seeking the release of an environmental bond following rehabilitation at its Devils Canyon Project in Nevada. Meanwhile, the company is actively seeking strategic acquisitions of advanced drill-ready projects, leveraging its low enterprise value and tight capital structure for potential significant capital growth. Previous drilling at the King Solomon Project has revealed promising variations in geological structures, suggesting multiple zones of mineralization with gold occurrences that remain open in all directions.
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