Solomon rockets after raising resources estimates

Shares in AIM-listed gold miner Solomon Gold rocketed on Wednesday after the firm upped its resource estimates for the Rannes Project, the second time it has done so in two months.

Shares in AIM-listed gold miner Solomon Gold rocketed on Wednesday after the firm upped its resource estimates for the Rannes Project, the second time it has done so in two months.

The inferred mineral resources estimate for wholly-owned project in Central Queensland has now been increased by 20% from 675,779oz to 812,000oz. This follows the 24% upgrade reported in late September.

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