Great Boulder Resources (ASX:GBR) said drilling results extended known mineralization well below the resource at its Side Well gold project in Western Australia, according to a Tuesday filing with the Australian bourse.
Drilling yielded 15.32 meters at 8.85 grams per tonne gold from 125.38 meters, the filing said.
The results show a high-quality mineralized system with "huge" scope for growth at depth, the filing added.
Shares of the company rose 5% in recent Tuesday trade.
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.