Dalradian Resources' shares rise after positive Curraghinalt update

Shares in Dalradian Resources rose more than 4% as it said drilling continued to reveal the high-grade nature of the Curraghinalt gold deposit in Northern Ireland.

It had so far intersected up to 2.04 metres at 63.98 g/t gold at Curraghinalt.

"We expect to release one more round of results from underground drilling and soon will commence a surface drill programme to test the strike extensions of the deposit," said president and chief executive Patrick Anderson.

The company concluded its most recent phase of drilling in May, having completed about 9580m in 27 holes. Results were pending for nine holes.

"Preparations are underway to drill approximately 30,000m from surface this summer, consisting of primarily step-out holes," said Anderson.

"Our drilling continues to demonstrate the high-grade nature of the Curraghinalt deposit."

At 12:52 BST, shares in AIM-listed Dalradian were up 4.29% to 85p each.