Latitude 66 (ASX:LAT) will start a drilling program at its Edjudina project in Western Australia this month, according to a Monday filing with the Australian bourse.
The program will involve up to 9,000 meters of air core, and potentially reverse circulation, drilling to test "significant" gold-in-soil surface anomalies, the filing said.
The company also signed a drill-for-equity agreement with Raglan Drilling, allowing it to complete up to 9,000 meters of drilling, with 25% of the cost payable through the issue of shares, per the filing.
Shares rose 2% in midday trade Monday.
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