New Age Exploration (ASX:NAE) started a phase two drill program at the Wagyu gold project in Western Australia, according to a Monday filing with the Australian Securities Exchange.
The drilling program is following up on geological observations from phase one and is testing additional high-priority targets, the filing said.
Shares surged 25% in morning trade on Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.