Australia's Miramar Resources jumps on high-grade gold finds at WA project

Miramar Resources

13/09/2022 05:09

** Shares of Miramar Resources  M2R.AX  climb as much as 13%
to A$0.13, their highest level since Aug. 29
    ** The gold explorer says it has intersected high-grade and
visible gold at its Glandore project in Eastern Goldfields
region of Western Australia  urn:newsml:reuters.com:*:nASX3j3P50
    ** Stock posts its biggest intra-day percentage gain since
Sept. 5
    ** M2R says first hole of drilling program intersected "four
zones of high-grade gold" as well as "course visible gold in a
quartz vein within a felsic porphyry"
    ** Says drilling results confirm continuity of
mineralisation at Glandore, with up to 13.85g/t gold intersected
when combined with historical results
    ** Stock down 32.4% YTD, as of last close 

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))