PC Gold (ASX:PC2) confirmed the resource growth potential of the Spring Hill project in the Northern Territory following results from ongoing drilling, according to a Thursday filing with the Australian bourse.
Results for five holes were reported, with extensive visible gold observed in two additional Link Zone holes, with assays pending, the filing said.
Drilling also found a mineralized lode in the footwall of the Macau Lode in two drill holes, per the filing.
Shares rose 2% in morning trade on Thursday.