Great Southern Mining Limited (ASX:GSN) has discovered a significant, sizeable geochemical soil anomaly at Leichhardt Creek prospect from recent mapping and geochemical sampling. Moreover, a vast (kilometre-scale) geochemical alteration system consistent with an Intrusive Related Gold System (IRGS) exhibiting strongly associated metal content has been mapped through results.
GSN looks forward to undertaking further mapping and additional soil geochemistry survey to the south to encompass the full extent of the mineralised system. Moreover, focus shall be placed on several priority areas of additional geophysical methods.
Following the announcement, GSN was up by 6.667% at a price of $0.160 at AEST 11:46 AM.
There is no one left untouched by the charm of the multibillion-dollar global boom in cannabis. Its glorious journey from a criminalized drug to being used in over 20 countries for treating medical conditions.
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Find out the drivers for the rise in cannabis stock rates Even though the cannabis sector is in its growing phase, Australian cannabis stocks have already started to rise actively due to a hastily increasing patient base, and a legislative landscape that is gradually beginning to liberalise.
Outreach and future of cannabis stocks As countries liberalise regulation for medical and recreational use of cannabis, it is predicted that the industry would grow sharply in upcoming years The global cannabis market stands currently at around $8 billion and it is expected that the hemp derived CBD market to hit approximately $22 billion by 2022.
Key Players in the sector Althea Group Holdings Limited (ASX: AGH) and Cann Group Limited (ASX: CAN) are amongst the top players. Other Australia cannabis market players are- MGC Pharmaceuticals Ltd (ASX: MXC), Elixinol Global Limited (ASX: EXL), THC Global Group Limited (ASX: THC), AusCann Group Holdings Limited (ASX: AC8)