Gemfields Group (PLLHF) has released an update.
Gemfields Group has announced an encouraging Maiden Inferred Mineral Resource Estimate for the TL5 target area in its Nairoto Gold Project, located in Mozambique. The estimate suggests the presence of 103 thousand ounces of gold averaging over 2 grams per tonne within 80 meters of the surface, with potential for further exploration. While gold mining is not the company’s core focus, Gemfields is considering finding a buyer or partner for the project after further resource evaluation.
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