The company reported hole FK18-10 hit four, separate, high-grade zones all within 190m at the recently discovered North Boundary zone at its property in British Columbia's Golden Triangle.

The above-mentioned intercept was part of a broader 10m at 38.7g/t that also included 1m at 331g/t.

"We are now looking at an area that extends 230m south to the historic high-grade Noranda drill hole from 1991 and although the geology is complex, we believe more drilling will delineate additional high-grade mineralisation," president and CEO Jim Pettit said.

While drilling is ongoing and assays from a further seven holes are expected, Aben said it would look to expand the scope of the programme given the results from the first hole and the "visual indicators" in the others.

The company raised C$2.32 million (US$1.76 million) for the current programme through private placement financings in April.
 
Its shares, which have ranged from C11-49.5c over the past year, shot up more than 31% to close at 38c on Friday.