CEO Trent Mell said the evidence pointed to continuing mineralisation outside of the historically mined veins.
The company, which is listed in the US, Canada and Australia, is looking to prove up a broad zone of mineralisation over an expected 350m of strike associated with the historically mined Woods Vein and other structures.
The latest results returned over 70m of anomalous cobalt grading above 0.03% as disseminated mineralisation in a drill hole located some 200m south of the historic Keeley mine, and starting 15m from surface.
Drilling also returned 15.7m of 0.12% cobalt including 6.2m at 0.21%, which reflected mineralisation in surface grab samples.
Work last year also returned cobalt hits of 0.12% cobalt, up to 138 grams per tonne of silver and nickel ...