EXPLORATION & DEVELOPMENT

Carawine shares jump on maiden hole

THE maiden hole drilled into Hill 800 for Carawine Resources has hit 52m grading 2.37 grams per tonne gold from 71m in a zone of Intense alteration system identified, confirming a broad gold-rich VHMS-style mineralisation at the project in north eastern Victoria.

Carawine shares jump on maiden hole

The explorer, which spun-out of Sheffield Resources, said its first diamond drilling intercept included 30m at 3.76gpt from 90m.   Shareholders leapt on the stock, pumping it up some 30% in morning...

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