Waratah Minerals (ASX:WTM) said results received from ongoing drilling at the Spur Project in New South Wales extended gold mineralization in the project, according to a Thursday Australian bourse filing.
The results were of up to 71 meters at 1.65 grams per tonne grade gold from 582 meters, including 19 meters at 1.81 g/t gold from 600 meters, and 25 meters at 2.27 g/t gold from 628 meters.
The company shares fell more than 10% on Thursday's close.