Medaro Mining Corp (OTCMKTS:MEDAF) Stock In Focus After Latest Development

On Tuesday Medaro Mining Corp (OTCMKTS:MEDAF) was in the news cycle after the company came up with a major new update with regards to its operations.

Trading Data

On Tuesday, MEDAF stock ended flat at $0.0702 with 132.64K shares, compared to its average volume 132.58K shares. The stock moved within a range of $0.0702 – 0.0702 after opening trade at $0.0780.

Medaro Mining Commenced Phase 2 Exploration Work on the Darlin Lithium Property in Quebec

The company announced that the exploration activities had commenced at its Darlin lithium property situated in Val-d’Or in Quebec, Canada. It should be noted that the property is owned by Medaro Mining Corp in its entirety. The Phase 1 work at the property had been completed last year and at the time the company had managed identify as number of lithium anomalies that indicated a trend which had now extended further to the east and northern parts of the asset.

The company announced that the current program was going to be involved in extending the 2022 soil grid to the east as well as to the north of the claim block and also to the east-west direction in the southern claim block. The main aim of the latest soil survey is for Medaro Mining Corp to identify new lithium targets which could then be subject to follow-up drilling and trenching. The Chief Executive Officer of the company Michael Mulberry noted that everyone at the company was excited at the prospect of resuming exploration work at the property.