PC Gold Finds Visible Gold at Northern Territory Project; Shares Hit All-Time High
MT Newswires Live
Feb 02
PC Gold (ASX:PC2) found visible gold within a hematite-magnetite unit during recent drilling at the Macau Link Zone within its Spring Hill project in the Northern Territory, according to a Monday filing with the Australian bourse.
Assays received for the first of the five diamond holes include 25 meters at 36.83 grams per tonne grade of gold from 283 meters down hole, including two meters at 444.3 g/t grade of gold from 304 meters down hole, the filing said.
The zone is open in all directions, with follow-up drilling to be prioritized to extend it both up and down dip and along strike, per the filing.
Shares rose nearly 15% in afternoon trade on Monday and earlier reached an all-time 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.