PC Gold (ASX:PC2) said diamond drilling at the Lasagne target, part of the Spring Hill gold project in the Northern Territory, returned multiple occurrences of visible gold, according to a Tuesday Australian bourse filing.
The drilling returned an intercept of 0.7 meters at 459.1 grams per tonne grade of gold from 89.5 meters. The company completed 5,779 meters of drilling focused on the target.
PC Gold's shares rose past 2% in recent trading on Tuesday.