Ovoca Resources today released preliminary results from the first two diamond drillholes in its Phase 2 exploration programme in Russia.
The exploration company said the results so far have been "consistent and encouraging".
The drilling was conducted on the South Leshaya prospect, which is the northern extension of the previously drilled Oleninskoye prospect, situated within Ovoca's 152 square kilometre Kolmozero-Voronya licence in the Kola Peninsula of Northwest Russia.
The CEO of Ovoca Resources, Barrie Oakes, said "These are exceptional results and we eagerly await more from our ongoing Phase 2 drilling programme.
"We believe that these results confirm our conviction that there is widespread high grade gold mineralisation throughout the 152 square kilometre licence area."
The company also said its shares would be listed on the Alternate Investment Market of the London stock exchange from tomorrow.
