Australia's Strickland Metals hits 3-1/2 year high on zinc-lead discovery

GIB Mining

14/10/2021 05:48

** Shares of mineral explorer Strickland Metals  STK.AX 
rise as much as 77.1% to A$0.128, their highest since April 4,
2018
    ** Stock marks its biggest intraday pct gain since April 16,
2020
    ** Co says drilling at Iroquois prospect in Earaheedy Basin
in Western Australia has yielded a shallow, high-grade zinc-lead
discovery  urn:newsml:reuters.com:*:nASXbkWmwX
    ** Shares of GIBB River Diamonds  GIB.AX , which owns 20%
stake in the project, rise as much as 40.6%, their highest since
Dec. 18, 2020
    ** ~80 mln STK shares trade hands, 18.9x the 30-day average
volume 
    ** As of last close, STK had more than doubled in value this
year 

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))