Australia's Traka Resources jumps most in 7 months on gold finds

El Dorado Goldfields

10/01/2022 02:18

** Shares of mineral explorer Traka Resources  TKL.AX  rise
as much as 30.8% to A$0.017, posting their biggest intraday pct
gain since May 28, 2021
    ** TKL says https://www.asx.com.au/asxpdf/20220110/pdf/454vmh0f6zbnzc.pdf
 drilling found high-grade gold intercepts at its Mt Cattlin
gold-copper project in Western Australia
    ** Says results highlight "excellent" potential of the Mt
Cattlin gold-copper project and provides a strong foundation for
ongoing exploration in 2022
    ** More than 4 mln shares have changed hands, compared with
the 30-day average of about 1 mln shares 
    ** Stock hits highest level since July 1, 2021
    ** Traka Resources had fallen ~38.1% in 2021
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))