On Thursday, Texas Mineral Resources Corp (OTCMKTS:TMRC) was in the news cycle it had conducted the 3rd stage of the electro-magnetic survey to build on the encouraging results from the Phase 2 of the Time Domain Electro-Magnetic Survey of high-grade silver veins at the Black Hawk District in Grant County in New Mexico.
Trading Data
On Thursday, TMRC stock moved up 2.33% to $1.3200 with 89.26K shares, compared to its average volume 79.41K shares. The stock moved within a range of $1.2800 – 1.3300 after opening trade at $1.2800.
Texas Mineral Resources Completes Phase 3 Geophysical Surveying in New Mexico’s Blackhawk Silver Mining District
The third phase of the survey is going to be involved with the area which display the highest number of major anomalies that had been discovered in Phase 2. Back on November 30 last year the company had released the partial and objective results of the Time Domain Electro-Magnetic survey that had been conducted at the Alhambra Mine located in Black Hawk District.
The latest announcement from the company was a significant one and it could well be seen as a sign of progress, which is why it would be interesting to see if the Texas Mineral Resources stock comes into focus today or not.
It ought to be noted that numerical analysis that had been conducted since the announcement of the Phase 2 results in November had yielded positive results. The electronically conductive anomalies that had been revealed had conformed to known geological structures.
