Nine of the 12 RC holes completed for 1,718m had significant gold intersections.

Highlighted intersections included 2m at 17.87g/t gold within a zone of 15m at 3.81g/t gold from 51m; 3m at 3.88g/t within a zone of 11m at 2.42g/t from 169m; 1m at 2.15g/t at the top of a zone of 16m at 0.28g/t from 85m; 2m at 1.4g/t within a zone of 14m at 0.54g/t from 132m; 1m at 1.94g/t from 138m and 5m at 0.46g/t from 152m; and 5m at 1.09g/t from 97m.

ECR said the results indicated the host sandstone was thicker and the gold grades significantly higher on the westerly section, and any further exploration would look to follow the system to the west, subject to agreeing access with landowners.

Previous drilling in July last year resulted in a significant near-surface gold intercept and evidence of a near surface mineralised gold system, with a significant intersection of 39m at 0.3g/t gold from 24.2m reported.

CEO Craig Brown said the drilling results had confirmed Blue Moon as a new gold discovery.

"Within this follow-up programme, we have reported gold grades of up to 17.87g/t gold over 2m from 57 metres and have significantly increased our knowledge of the geology at Blue Moon," he said.

"With the knowledge gained from the RC programme we believe that the gold mineralisation intensifies further west and now have a clear action plan to follow the system."