Bonanza grades at Classic's Kat Gap

CLASSIC Minerals’ efforts in extending its 400m-long Kat Gap gold deposit near Forrestania in Western Australia has successfully pushed the average depth of mineralisation from 60m to more than 100m, with some bonanza grades that saw the minnow’s shares spike 50% this afternoon off big volumes.

Bonanza grades at Classic's Kat Gap Bonanza grades at Classic's Kat Gap Bonanza grades at Classic's Kat Gap Bonanza grades at Classic's Kat Gap Bonanza grades at Classic's Kat Gap

RC drilling has been successful at Kat Gap

The company was worth around A$8 million after its shares spikes 0.1c to 0.3c off the back of some good high-grade hits, but in late trade its capitalisation had eased to $5 million based on 0.