Resolution Minerals (ASX:RML) said interim Light Detection and Ranging (LiDAR) data reprocessing and interpretation report for its Drake East project in New South Wales identified new antimony and gold historical workings, according to a Tuesday filing with the Australian bourse.
The interpretations have so far identified hundreds of historical mine workings, including 534 pits, 27 shafts, and 15 adits in the project area, as well as 56 linear features/veins with a collective strike length of 4,150 meters, the filing said.
The interpretation report is expected to be finalized within seven to 10 days, according to the filing.
Shares rose more than 11% in morning trade Wednesday.
Price (AUD): $0.01, Change: $+0.0010, Percent Change: +11.11%
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