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Sorrento Resources Sees Additional Gold Mineralization at Its Rodgers Cover Project

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Sorrento Resources' (SRS.CN) on Tuesday released exploration results from drilling at its Rodgers Cove project in Newfoundland that showed gold mineralization.

The company said drillhole RC26-003 intersected a 14-meter thick interval with 2.19 grams per tonne of gold.

The company said additional assays are expected in the coming weeks.

"With assays from only four of thirteen drillholes reported to date, we believe there is significant potential for further growth as additional assay results are received," said Chief Executive Alex Bugden. "The mineralization remains open in multiple directions, and we look forward to advancing our understanding of this emerging gold discovery."

Shares of the company were last seen down $0.015 to $0.17 on the Canadian Securities Exchange.

Price: $0.17, Change: $-0.02, Percent Change: -8.33%

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