Australia's Miramar Resources surges on gold find in Glandore project

Miramar Resources

03/11/2022 02:50

** Shares of Miramar Resources Ltd  M2R.AX  rise as much as
15.4% to A$0.105, their biggest intraday pct gain since Aug. 19
    ** The Australia-based mineral exploration co says that
assays have confirmed high-grade gold intersected in the second
diamond drill hole at Glandore East urn:newsml:reuters.com:*:nASXb3fv4D
    ** Glandore Project which is 100% owned by Co is located
within the Eastern Goldfields, about 40 km east of 
Kalgoorlie, Western Australia
    ** Adds drilling has now confirmed the presence of
high-grade gold mineralisation over a strike length of about 90
m, with the mineralisation remaining open along strike and at
depth
    ** further co recently completed a detailed aerial magnetic
survey over the Glandore Project, including the Glandore East
target that highlights multiple target structures that could
potentially host high-grade gold mineralisation
    ** Stock posts its highest since Oct 21
    ** Stock has fallen 46.5% this year, as of last close
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))