Firefly flies on bonanza hits

SHARES in Firefly Resources have soared after the company reported high-grade gold hits from the first drilling campaign at the newly acquired Yalgoo project in Western Australia.

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Drilling at Firefly's Yalgoo project

Reverse circulation drilling at the Melville deposit returned a "monster result" of 6m at 244.9 grams per tonne gold from 50m, including 1m at 1439.55gpt and 1m at 16.95gpt.