PNR has released an exciting set of drilling results from exploration drilling at the Sailfish prospect on Lake Cowan. Due to the challenges relating to access, work on the lake has been limited in the past. However, PNR’s systematic modern exploration program is beginning to bear fruit, evidence by intercepts such as 8.1m @ 67.3g/t Au. We maintain our BUY recommendation and $0.27 price target.
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