Forrestania Resources (ASX:FRS) will restart reverse circulation drilling to extend mineralization at the Lady Lila gold prospect within the Forrestania project in Western Australia, according to a Tuesday Australian bourse filing.
The company's previous inaugural drilling program at the prospect extended mineralization at depth and extended mineralization to the south by 50 meters.
It acquired a tenement, E77/2853, and it has already been granted, the filing said. The firm acquired the tenement in consideration for reimbursing application costs and rents to a maximum of AU$10,000.
Forrestania Resources' shares rose nearly 10% in recent trading on Tuesday.
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