Cloudbreak Discovery PLC (LSE:CDL, OTC:CDBDF) shares jumped in Friday's early deals after it reported high-grade 'rock chip' assay results at its Darlot West project in Western Australia.
The company highlighted what it described as 'record' grades, with up to 65.75 grams per tonne (g/t) gold from the samples. Previously, in the summer, the team had grades of up to 28.62 g/t gold in a maiden sampling programme.
It noted today that multiple samples now exceed 10 g/t, including grades of 40.44 g/t, 27.23 g/t and 19.79 g/t.
“These rock chip samples over such a large area are highly significant, and it's very encouraging to see these results continue to confirm and show significant gold mineralisation potential over large parts of the Darlot West project,” said managing director Tom Evans.
In London, Cloudbreak shares were up 24% changing hands at 1.24p.