Anax Metals (ASX:ANX) has spiked 23.53% in mid-week trading on the Australian Securities Exchange (ASX) today (23 September).
The price jump puts Anax shares at $0.042 each, up from $0.034 at yesterday’s close.
Recent attention on the ASX follows Anax’s announcement today that infill drilling at the Mons Cupri deposit within the Whim Creek Copper-Zinc Project delivered ‘high-grade bonanza’ copper grades.
Key intercepts include 85.9m @ 2.89% copper equivalent (CuEq) from 34.6m, including 4.7m @ 8.34% CuEq from 34.6m and 17.5m @ 8.37% CuEq from 39.3m; and 62.54m @ 2.95% CuEq from 107.32m, including 5.04m @ 5.46% CuEq from 107.32m and 18.98m @ 6.01% CuEq from 112.36m.
The company is mobilising a downhole electromagnetic crew to site later in the month to conduct surveys on available holes.
The results form part of a 5,000m drilling program at the prospect. As of mid-September, Anax has completed 10 holes totalling 2,736.3m.
Many mining companies are performing better today, with the materials sector on the S&P/ASX 200 up 1.67%.
Many Peaks Minerals (ASX:MPK) is also trading higher, with shares up 8.74% today, after an almost 12% increase yesterday, as reported.
Write to Maddison Elliott at Mining.com.au
Main Image: Australian Securities Exchange
