Lunnon Metals Intersects High-Grade Gold at Western Australia Project; Shares Up 8%

MT Newswires Live11:15

Lunnon Metals (ASX:LM8) intersected thick and high-grade gold results at the Foster-Baker project in Western Australia, confirming consistent mineralization across the extensions of the Lady Herial deposit and de-risking potential cut-back, according to a Friday filing with the Australian bourse.

Reverse circulation drilling returned 16 meters at 9.14 grams per tonne (g/t) grade of gold, 10 meters at 4.45 g/t grade of gold, and 14 meters at 2.87 g/t grade of gold, the filing said.

The company is also undertaking a diamond drill program, which is expected to conclude shortly, per the filing.

Shares rose nearly 8% in afternoon trade Friday.

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