Mawson Resources (TSE:MAW) spiked 33% to $1.44 a share on Thursday after announcing its first drill results from the Rompas gold project in Northern Finland.
The company found six metres at 617g/t gold from 7 metres in drill hole ROM0011, which included one metre at 3,540g/t gold from 11 metres depth.
The company also reported channel sampling over a six kilometre strike returning hundreds of high-grade gold samples.
"These are early days at Rompas with only a few percent of the known mineralized area tested to date," said Michael Hudson, President & CEO.
"This is an extremely positive result and gaining drill permission to test the best geological targets within the entire mineralized trend at Rompas now becomes even more of a priority for the Finnish authorities, in order to establish the potential of one of the world's most exciting gold exploration properties."