Latin Metals Receives Results From Airborne Magnetic And Radiometric Survey, Organullo Project, Argentina; Provides AngloGold With An Option To Earn Up To An 80% Interest In The Project
Portfolio Pulse from Benzinga Newsdesk
Latin Metals Inc. has updated on its Organullo Project in Argentina, revealing results from an airborne magnetic and radiometric survey conducted by AngloGold Ashanti plc's subsidiary. The survey identified a high-priority structural corridor for drill testing. Under an existing agreement, AngloGold has the option to earn up to an 80% interest in the Organullo Project.
May 06, 2024 | 12:40 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
AngloGold Ashanti plc's subsidiary has completed a significant survey on the Organullo Project, potentially earning up to an 80% interest.
The successful completion of the survey and the potential to earn a significant interest in the Organullo Project could positively impact AngloGold Ashanti's stock. This development indicates a strategic expansion and potential for new resource discoveries, which are typically viewed positively by investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80