GlobeNewsWire
08 Jun 2026, 10:30 UTC · 2h ago
New Analysis Strengthens Mercator Gold System and Confirms High-Grade BIF Continuity
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GlobeNewsWire
08 Jun 2026, 10:30 UTC · 2h ago
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3 claims · impact-rated
High-resolution re-sampling at the Mercator Gold Project showed that 82% of 111 samples returned gold values above detection limits. — This provides strong evidence for the continuity and widespread distribution of mineralization, reducing the exploration risk for the asset.
+0.50The company has identified additional higher-grade intervals that are currently undergoing verification and confirmatory analysis. — The prospect of higher-grade results creates a positive catalyst for future news releases and potential valuation upgrades.
+0.40Analytical results confirm the gold system is hosted within stratiform silicate-sulphide banded iron formations (BIFs) of the Meridian Zone. — Geological confirmation of the host rock allows for more precise targeting and refined exploration models, increasing operational efficiency.
+0.20Ticker attribution
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The company reported positive gold analytical results supporting the continuity and distribution of mineralization at its flagship project.
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