Anglo Australian Resources: Extends Mandilla East gold discovery at depth

  • Anglo Australian Resources diamond drilling program has extended visible gold at Mandilla East to a depth of -50mRL
  • The company received results for the first four holes of its 3600 metre drilling program
  • Drilling intersected grades of up to 15.71 and 7.02 grams per tonne of gold
  • The program almost completed with assays pending for another nine holes
  • Holes MDRCD191 and MDRCD229 also aimed at testing the southern plunge of the Mandilla East mineralisation
  • Company shares have dropped 5.13 per cent and are trading for 18.5 cents each at market close
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Nordea Cuts 1,500 Jobs as AI Drives Cost Savings

Banking giant Nordea announces significant layoffs amid AI transformation.Highlights: Nordea to eliminate 1,500 positions due to AI advancements.Cost-saving...

Visa Strengthens AI Payments Trials with Multiple Banks in the UK and Europe

Visa collaborates with numerous banks to innovate AI-driven payment solutions.Highlights: Visa partners with several banks in the UK...

Upvest Secures $125 Million Financing Round, Boosting Growth Potential

The fintech firm expands its capital to enhance its offering in the investment sector.Highlights: Upvest has raised $125...

Swedish Central Bank Tightens Actions on Banks Over Instant Payments

The central bank of Sweden warns banks on instant payment compliance.Highlights: Swedish Central Bank warns banks about compliance...