Adelong Gold (ASX:ADG) said that diamond drilling at the Apollo project in Victoria confirmed broad mineralized zones and "high-grade" intercepts, supporting the concept of an epizonal gold-antimony system, according to a Monday filing with the Australian bourse.
Results yielded 10.9 meters (m) at 3.3 grams per tonne gold (g/t Au) from 69.1 m, including 6 m at 5.36 g/t Au from 74 m, the filing said.
Shares of the company fell 10% in recent Monday trade and earlier hit a 52-week high.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.