Americore Resources (AMCO.V) shares fell 3.5% on Tuesday after it said that interpretation of the recent drone magnetometer survey identified additional targets for potential expansion of the mineralization at its 100%-owned Trinity Silver project in Pershing County, Nevada.
The company also initiated a hyperspectral study to map out alteration patterns over the Trinity property.
The Orientation Entropy (OE) study shows a "significant" anomaly coincident with an historic grab sample that ran 1690 grams per tonne (g/t) silver and 4.33 g/t gold. Additional anomalies identified with OE suggest further targets immediately southwest of the current pit, as well as flanking to the east, it said.
"The combination of the hyperspectral alteration mapping and the magnetometer interpretation will lead to the identification of high priority targets for expansion of the mineralized envelope on the property," said the company in a statement.
Shares of the company were last seen down $0.015 at $0.41 on the TSX Venture Exchange.
Price: $0.41, Change: $-0.02, Percent Change: -3.53%