Following detailed logging of holes CM-20-01 and CM-20-02, further fine-grained visible gold has been reported in hole-1 at 485.5 metres downhole and in hole 2 at 508.7, 511.6 and 511.8 metres downhole.
This is in addition to the fine-grained visible gold reported last month in hole-2 at 459.8 metres downhole.
Shares have been as much as 12% higher to 3.1 cents.
The company recently completed a diamond drilling program targeting the gold (plus copper and silver) mineralisation reported from historic sampling and limited drilling associated with the 6-Level development of the Lorraine Nickel Mine.
Recognition of widespread silica-carbonate alteration and different ages of structural related veining and minor sulphides plus minor visible gold in these zones resulted in a decision to reassess holes already logged and sampled.
This process has resulted in a minor delay in delivery of any samples for assay.
The fine-grained gold was observed during detailed logging of holes 1 and 2 with one observation in the first and three in the second in addition to the original visual identification.
Hole CM-20-06 fully logged
Hole CM-20-06 is the first to be fully logged, photographed, cut and sampled with this core scheduled for delivery to ALS in Sudbury on Tuesday.
A total of 388 mostly 1-metre-long samples covering 376 metres of the 456 metres total depth were selected for assay, which equates to about 83% of the core being sent for assay.
To hasten processing of the remaining five holes, the company has arranged for a second core-cutting and sampling crew to assist from today.