EnviroGold Global Limited (OTCMKTS:RGOZF) (CSE:NVRO) Stock Moves Up After Updating High-Grade Tailings Project Updates
EnviroGold Global Limited (OTCMKTS:RGOZF) (CSE:NVRO) was up 7% after the Clean Technology company announced that it would commence a coring program that will target the recently established “WesternArc” polymetallic tailing zone identified during a geophysical survey on January 2022.
Market Stats
On Friday, RGOZF stock went up 7.42% to $0.42 with more than 12K shares, compared to its average volume of 6.7K shares. The stock moved within a range of $0.3903 – 0.4200 after opening trading at $0.3903.
EnviroGold Global Seeks to Double Potential High-Grade Tailings Project Upside with Initiation of Coring Program
The survey indicated considerable potential and substantial tailings in the Jeff Wall Claim. It is vital to note that the Jeff Wall Claim will be subject to the company’s definitive commercial agreement that will allow it to recover and reprocess critical, strategic and precious metals from the important mine tailings in the 3,025 acres of property that cover the deltaic tailings claims at the entry of Buchans River.
Notably, the coring program is expected to gather material from around 99 points within the resource, focusing on high-density areas in the “Western Arc.” The company expects to commence coring this month and will publish mineral resource estimates for the Buchan Project by mid of February. So investors should watch RGOZF.
Key Quote
Commenting on the recent developments, EnviroGold Global CEO, Dr. Mark Thorpe, said, “We look forward to announcing the results of the coring program, which represents another major milestone in the development of our high-value global tailings reprocessing portfolio. Our goal continues to be adding substantial ounces of gold and silver and substantial tonnes of lead, copper and zinc to a global tailings resource that will allow us to create outstanding returns for our shareholders while creating sustainable, lasting value for community and environmental stakeholders by producing Metals Without Mining.”
Traders Corner
RGOZF stock is trading above the 20-Day and 50-Day Moving averages of $0.3082 and $0.3042 respectively. Moreover, the stock is trading above the 100-Day moving average of $0.2813.
