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Hamelin Gold Limited (ASX:HMG)

ALERT: Price-sensitive ASX Announcement for HMG
Current share price for HMG : $0.098 0.008 (8.89%)+
Announcement
Release
20 May 2025 8:22AM
Price at Release
$0.090
Full Release
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Summary
Hamelin Gold Limited (HMG) provided an exploration update regarding its gold drilling programs, focusing on the West Tanami Project in Western Australia. The update details the successful completion of initial diamond and aircore drilling campaigns targeting multiple prospects, including Fremlins, Sultan, Olsen, and Newkirk. Results from these programs indicate the presence of high-grade gold mineralization and broad alteration zones, supporting the project's potential for significant gold discoveries. The company highlights the progression of exploration activities, the positive geological observations, and plans for follow-up drilling to further test targets and expand mineralized zones. The update reinforces Hamelin Gold's strategic approach to systematic exploration and commitment to advancing its assets.
Key Points
  • Hamelin Gold Limited announced an exploration update for its West Tanami Project.
  • Diamond and aircore drilling programs were completed at several prospects including Fremlins, Sultan, Olsen, and Newkirk.
  • High-grade gold mineralization and wide alteration zones were intersected in multiple drill holes.
  • Significant geological observations support the potential for further gold discoveries within the project area.
  • Follow-up drilling campaigns are planned to test extensions and new targets based on encouraging results.
  • The company remains committed to systematic exploration and the advancement of its gold assets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.