Australia's Marquee Resources soars on finding copper at U.S. project

Marquee Resources

03/12/2021 02:57

** Shares of lithium explorer Marquee Resources Ltd  MQR.AX 
soar as much as 25% to A$0.15, on track for their best day since
Nov. 8 
    ** Co identifies visible copper mineralisation and massive
sulphides at its 80%-owned Lone Star copper-gold project in
Washington state urn:newsml:reuters.com:*:nASXRQRwQ
    ** Says a total of 42 drill holes will be added at the
project, expected to be completed in the first quarter of 2022
    ** Shares hit their highest since Nov. 16
    ** About 10.1 mln shares change hands, compared with the
30-day avg volume of ~8.4 mln shares
    ** Stock has risen 18.2% so far in the week
    ** Stock up 84.6% this year, as of last close

 (Reporting by Roushni Nair in Bangalore)
 ((Roushni.Nair@thomsonreuters.com))