News

Market Alert : Macro And Geopolitical Risks Resurface; Conservative Positioning Advised

eMetals Expands Gold-in-Soil Anomaly at Busia Gold Project, Uganda

eMetals Limited (ASX: EMT) has reported the successful completion of Phase 2 soil sampling at its Busia Gold Project in Uganda, expanding the previously identified gold-in-soil anomaly to approximately 300m x 700m. Gold values exceeding 50ppb were recorded within the newly defined anomaly area, significantly increasing the exploration footprint. In total, 482 soil samples and 13 rock-chip samples were collected during the campaign, which forms part of eMetals' strategy to identify potential gold mineralisation within the Busia-Kakamega Greenstone Belt. The results strengthen the project's prospectivity, with the anomaly showing good continuity along the strike. The project is situated in an area of significant historical gold production, further enhancing the potential for a meaningful discovery. Follow-up exploration, including trenching and further soil sampling, is planned for early 2026 to test for in-situ mineralisation.

 

 

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au