Australia's Carawine Resources gains most in five weeks on gold find

Carawine Resources

14/04/2022 04:34

** Shares of Carawine Resources  RIC  rise as much as 2.4%
to A$0.215, their biggest intraday pct gain since March 7
    ** The mineral explorer says https://www.asx.com.au/asxpdf/20220414/pdf/4580rqx6xxrpd9.pdf
 it has discovered high-grade gold at the Big Freeze prospect,
part of the co's Tropicana  North gold project in Western
Australia 
    ** Says it's awaiting assay results from rest of the
drilling programme and plans additional drilling at Big Freeze,
as well as further results from its Hercules Prospect
    ** Nearly 1.8 mln shares change hands, 3.8 times compared
with the 30-day average volume of 483,876 shares 
    ** Shares hit highest level since April 4
    ** Stock up 20% this year, as of last close

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))