The latest update is out from Ongold Resources Ltd ( (TSE:ONAU) ).
ONGold Resources Ltd. has announced that the Red Sucker Lake First Nation has invited the company to resume exploration activities at the Monument Bay Gold Project in Northeastern Manitoba. This follows extensive discussions and a framework agreement aligning with the community’s consultation protocol. The re-initiation of exploration is expected to potentially increase the size of the historic gold resource, reflecting positively on ONGold’s strategic positioning and stakeholder relations.
More about Ongold Resources Ltd
ONGold Resources Ltd. is a company with significant exploration assets in Northern Ontario and Northern Manitoba, including the Monument Bay Gold-Tungsten Project, TPK Project, Domain Gold Project, and October Gold Project. These projects are strategically located in one of Canada’s most prolific gold-producing regions. The company is known for its deep exploration-development technical expertise, commitment to social acceptability, Indigenous engagement, and responsible exploration practices.
YTD Price Performance: -25.33%
Average Trading Volume: 18,801
Technical Sentiment Consensus Rating: Strong Buy
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