The shares rose 14% to 2.39p, bringing the gain year-to-date up to 66%, as it published the silver, lead, zinc assay results from the short hole drilling programme conducted earlier this year.
In hole 01, a 0.30 metre interval returned 9.3 grams per tonne (g/t) silver, 0.34% lead and 1.32% zinc.
Hole 02 intersected 0.48 metres with 29.2 g/t silver, 1.31% lead and 0.55% zinc.
Hole 03 returned 0.39 metres at 9.7 g/t silver, 0.43% lead and 0.86% zinc.
The results at depth are supported by surface sampling results where galena and pyrite bearing quartz boulders in the vicinity of the drill hole locations have returned values up to 70 g/t and 46.8g/t silver, the Ireland-focused exploration company said.
A 10cm quartz galena vein in outcrop a few kilometres to the north returned 572 g/t silver and 19% lead, it added.