Australia's Redcastle Resources rises most in 6 months on gold results at WA

Redcastle Resources

06/07/2022 02:45

** Shares of gold mining co Redcastle Resources  RC1.AX 
rise as much as 56.3% to A$0.025, marking their biggest intraday
session since Dec. 20, if gains hold
    ** RC1 says gold results were achieved from reverse
circulation drilling at the Redcastle gold project in Western
Australia urn:newsml:reuters.com:*:nASX5CKsqY
    ** Co plans to expand the strike length of the
mineralisation and further RC drill holes 
    ** Shares hit their highest level since Jan. 20
    ** Stock notches its third straight day of gains
    ** More than 49.4 million shares change hands, compared with
the 30-day average volume of about 1.8 million shares 
    ** Stock has fallen about 24% this year, as of last close

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))