Australia's Traka Resources gains on potential nickel and gold find in Western Australia

El Dorado Goldfields

07/01/2021 02:10

** Shares of Traka Resources Ltd  TKL.AX  rise as much as
4.8% to A$0.022, their highest since Dec. 24, 2020
    ** The mineral explorer says soil sampling and geological
mapping is being initiated at the Mt Cattlin gold project in
Western Australia  urn:newsml:reuters.com:*:nASX2BFhLy
    ** Adds that drilling and data will establish scope for
multiple gold mineralisations on the project
    ** Elevated nickel has been observed with one of the drilled
intrusives - TKL
    ** Stock headed for two-day winning streak
    ** Stock tripled in value last year

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))