HK Stock Movement | MMG (01208) Rises Over 5% as Resource Expansion Drilling at High Lake Yields Positive Results, Revealing High-Grade Mineralization

Stock News12-01

MMG (01208) surged more than 5%, reaching HK$7.29 by the time of writing, with a trading volume of HK$76.34 million.

On November 27, MMG announced that it conducted regional exploration activities during the 2024 and 2025 summer field seasons at the Izok Corridor project. The work was based at MMG's Izok Lake camp and Blue Star Gold's Ulu camp in Nunavut, Canada, targeting areas identified through historical geophysical and geological datasets. The findings were encouraging, confirming outcrop mineralization in multiple target zones. Based on these results, MMG has prioritized follow-up drilling targets and further exploration.

Additionally, MMG's resource expansion drilling at High Lake and East High Lake in 2025 delivered positive outcomes, with drill holes revealing high-grade mineralization and extending known mineralized zones. The company is currently advancing efforts to update the mineral resource estimate for High Lake and complete the first resource estimate for East High Lake.

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