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Mont Royal Resources Ltd. ( (AU:MRZ) ) has provided an update.
Mont Royal Resources Ltd announced promising assay results from its 2024 summer drilling program at the Bohier Lithium Project in Canada, revealing significant lithium mineralization. The findings indicate a continuous mineralized zone at Bohier, extending 200 meters in length and 70 meters in depth, which remains open laterally. The company is developing a new structural model to guide future exploration and has decided not to pursue its option on the Wapatik Gold-Copper Project, focusing instead on the potential of the Northern Lights Project.
More about Mont Royal Resources Ltd.
Mont Royal Resources Ltd is engaged in lithium exploration across its Northern Lights tenements in the James Bay region of Quebec, Canada. The company focuses on three primary target areas: Bohier LCT-bearing pegmatite outcrops, Eastmain Léran Wahemen Boulder field, and Eastmain Léran Central Boulder discovery, with a strong emphasis on lithium mineralization.
YTD Price Performance: -25.00%
Average Trading Volume: 79,755
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$2.55M
Learn more about MRZ stock on TipRanks’ Stock Analysis page.
