Latest 49 Metals (ASX:49M) News

49 Metals says every hole in its maiden Gold Mountain campaign intersected gold or silver, including a high-grade 27.4-metre interval and a 170.7-metre broad intercept. A second drilling campaign is now testing whether the Adit Zone has the continuity and scale needed to support a maiden mineral resource estimate in 2027.

49 Metals has started a fully funded 3,500-metre reverse-circulation drilling program at its Gold Mountain project in Nevada, targeting extensions of the Adit Zone discovery. The first assays are expected in roughly four to six weeks, making the next phase a test of whether the broad mineralised system can translate into greater continuity and scale.

49 Metals will begin a 3,500-metre follow-up drilling program at its Gold Mountain project in Nevada in October, targeting extensions of the Adit Zone discovery. The campaign is fully funded and follows a maiden program in which all 22 holes intersected gold and/or silver mineralisation.

49 Metals has elevated CEO Phil Carter to Managing Director while shifting Executive Director Oliver Kreuzer into a non-executive and consulting role. The restructure comes with A$265,000 in base pay for Carter and 5 million options exercisable at 25¢ and 30¢.

49 Metals has expanded its Gold Mountain discovery in Nevada, confirming a broad mineralised envelope around a high-grade feeder corridor with significant shallow and deep oxide gold intercepts. Further assays are pending, setting the stage for follow-up drilling later this year.

Speculation ran hottest in junior resources, where drilling hits, study results and funding deals drove some extreme weekly moves. Rare earths, gold and dealmaking set the pace, while several capital raisings and acquisitions produced mixed reactions.

49 Metals has confirmed and extended a high-grade gold feeder structure at its Gold Mountain project in Nevada, with drilling revealing significant gold mineralisation and promising signs of a larger epithermal system.

49 Metals has secured eight additional patented mining claims at its Gold Mountain Project in Nevada, enhancing operational flexibility and exploration potential without extra expenditure.

49 Metals Limited (ASX:49M) raised $10 million in its IPO and began reverse circulation drilling at its Nevada Gold Mountain project, marking its debut quarter as a listed entity.

49 Metals Limited has secured $10 million through its IPO to fund a detailed exploration campaign in Nevada’s Walker Lane Trend, including an 8,000-metre drilling program at the Gold Mountain project targeting high-grade gold zones.