PNG Gold (TSX: V.PGK, Stock Forum) shares added 10% at 5.5 cents on 1.8 million shares traded Thursday after the explorer reported gold and silver assay results from 11 diamond drill holes from Imwauna Main Structure, located 80 kilometres northeast of Alotau, Papua New Guinea.
Results included 2.5 metres grading 52.1 grams per tonne gold and 124.2 grams per tonne silver.
The company added that diamond drilling has now tested the Imwauna Main Structure to over 250 metres below surface and demonstrates good continuity of the structure.