Lunnon Metals Says Drilling Results From Western Australia Deposit Enhances Oppurtunity to Consider Second Stage of Open Pit Mining, Shares Reach 52-Week Peak
MT Newswires Live01-13 11:00
Lunnon Metals (ASX:LM8) says assays from down-plunge reverse circulation drilling at the Lady Herial gold deposit in Western Australia boost an opportunity to consider a second stage of open pit mining at Lady Herial upon the conclusion of the current mine plan, according to a Tuesday Australian bourse filing.
It encountered intercepts of 13 meters at 9.41 grams per tonne grade of gold from 56 meters, as well as seven meters at 7.73 g/t grade of gold from 68 meters.
The firm's shares jumped 12% in recent trading on Tuesday, reaching their highest point in 52 weeks.
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