Forrestania Resources (ASX:FRS) said the second phase of drilling at the Ada Ann prospect at the Bonnie Vale gold project in Western Australia confirmed high-grade mineralization, according to a Friday Australian bourse filing.
The results from the drilling included significant intercepts of seven meters at 4.3 grams-per-tonne grade of gold from 72 meters, as well as three meters at 7.8 g/t grade of gold from 74 meters.
The drill program extended the known mineralized zones to the north and south, and the prospect continues to remain open in all directions, the firm's Chairman, John Hannaford, said.
Its shares jumped 21% in recent trading on Friday.
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