High-Tech Metals (ASX:HTM) has identified five high-priority exploration targets at the Damsel, Dam, Dam North, Dam East, and Shiva prospects at the Mt. Fisher project in Western Australia, according to a Thursday filing with the Australian bourse.

In February, the company entered an agreement to acquire the project from Rox Resources (ASX:RXL).

Exploration at the prospect shows prospective gold areas, with untested down-dip and along-strike extensions to be targeted in upcoming drilling, the filing said.

The company plans to begin a 15,000-meter drilling campaign at the project as soon as it is acquired, the filing added.

Shares of the company fell past 6%, while shares of Rox Resources rose 12% in recent Thursday trade.