Labyrinth Resources Limited (AU:LRL) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Labyrinth Resources Limited has reported promising maiden drilling results from its Cheer Prospect at the Comet Vale Project in Western Australia. The company has confirmed extended shallow, high-grade gold mineralization, with notable intercepts including 3m at 26.8 g/t Au and 8m at 9.7 g/t Au, indicating untapped potential. Plans for further drilling are underway, with more results expected soon, as Labyrinth aims to expand its gold resources strategically.
For further insights into AU:LRL stock, check out TipRanks’ Stock Analysis page.