Carawine Resources Ltd (ASX: CWX) shares are flying today after the company released the first results from reverse circulation (RC) drilling at its Hercules prospect. During intraday trading, the Carawine share price surged more than 144% to 52.5 cents. However, Carawine shares have since retreated and, at the time of writing, are trading at 42.5 cents, up nearly 98% for the day so far.
Let’s have a look at what the exploration company reported to the market.
What’s sending the Carawine share price skyward?
Earlier today, Carawine Resources announced that its drilling results reported multiple, high-grade intersections with mineralisation. According to the company, the results confirm Hercules as a significant gold…