** Shares Australia's Core Lithium CXO.AX gain 6.8% to A$0.079, set for strongest trading session since February 27
** CXO says final assays have been received from reverse circulation and diamond drilling undertaken at its fully-owned Shoobridge project in Australia
** Says drilling results show potential for a large gold system with a major proportion of near-surface oxide mineralisation
** Update on gold project comes at a time when bullion prices have been scaling to record highs
** Stock down 13.5% YTD
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com))
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