Native Mineral Resources Says Drilling at Queensland Gold Project Confirms High-Grade Mineralization, Shares Jump 15%

MT Newswires Live

04/22

Native Mineral Resources Holdings (ASX:NMR) said resource definition drilling at the Blackjack gold project in Queensland continued to confirm shallow, high-grade gold mineralization, according to a Tuesday Australian bourse filing.

Significant intercepts from the reverse circulation drilling included one meter at 3.44 grams per tonne grade of gold from 52 meters, and 13 meters at 3.06 g/t grade of gold from 62 meters.

It said 25 holes for 1,679 meters of its 46-hole reverse circulation drilling program were completed to date.

Its shares jumped 15% in recent trading on Tuesday and earlier reached their highest point in over two years.

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