Australia's Sabre Resources jumps on sulphide zone hit at WA project

Sabre Resources

28/09/2022 04:17

** Shares of Sabre Resources  SBR.AX  jump as much as 40% to
A$0.007, their highest since Sept. 9
    ** Stock posts its biggest intraday percentage gain since
Sept. 8
    ** SBR says it has intersected a 15-metre sulphide zone in
the second diamond hole of a current drilling program at its
Sherlock Bay project in Western Australia  urn:newsml:reuters.com:*:nASX6sQ6Qm
    ** Co says the sulphide zone correlates with findings from
the first diamond hole; a third diamond hole now underway for
further testing
    ** SBR up 11.1% YTD, as of last close 
 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))