Lion Selection Group (ASX:LSX) said its unlisted affiliate Plutonic started drilling at its Georgetown project in Queensland, testing a large-scale, intrusion-related gold system, according to a Wednesday Australian bourse filing.
Lion holds a 41% stake in Plutonic, per the filing. Its drilling program includes five holes for around 3,100 meters of diamond drilling. The firm seeks to confirm the presence of a broad mineralized system footprint at the project.
The firm's shares rose over 1% in recent trading on Wednesday, earlier hitting an all-time high.
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