The west Africa-focused gold explorer, Hummingbird Resources, rose in early trading after revealing positive results in southern Liberia.
After taking 13,000 samples, the group has announced a new gold discovery at its Sackor site, close to the already established Dugbe deposit.
Hummingbird is also trenching at its Tiehnpo site, which is where the highest levels of gold have been found amongst all of the company's targets.
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
The Chief Executive, Dan Betts, said: "During Q2 Hummingbird Resources has collected in excess of 13,000 samples for analysis across various targets and projects within our portfolio, which is a staggering achievement.
"Of particular note are the large soil anomalies emerging at Tiehnpo and Nemo Creek, which provide the company with an exciting pipeline of potential future drill targets, whilst the drilling in the Dugbe 1 Project area continues to produce encouraging results."
At 08:42 the stock had gained 4%.
BS
Join more than 165,000 subscribers and keep yourself informed with the latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.