Minerals 260 (ASX:MI6) said it found high-grade gold mineralization during a recent drilling at its Bullabulling gold project in Western Australia, according to a Monday Australian bourse filing.
The results were up to seven meters at 12.7 grams per tonne grade of gold from 158 meters, including one meter at 69 g/t gold from 160 meters.
Under the company's 2026 work program, it has commenced a 30,000-meter drill program with a mineral resource estimate (MRE) update planned for mid 2026, which will incorporate about 60,000 meters of drilling.
"Results from drilling completed since the MRE announcement in December 2025, together with this new program, support our view that the MRE will continue to grow," said Managing Director Luke McFadyen.
The company's shares rose 2% in recent Monday trade.