Sirius Resources spikes on gold discovery

Company News

Shares in Sirius Resources NL (ASX:SIR) spiked to the benchmark’s best performer yesterday after revealing a gold discovery in Western Australia.  
 
The mineral exploration company says it has discovered a significant zone of gold mineralisation at the Baloo Prospect on its wholly owned Polar Bear project.   
 
Sirius believes results received from drilling undertaken late last year show the best zone of gold mineralisation yet identified on the Polar Bear project. 
 
Managing Director and CEO Mark Bennett says the company had been looking forward to drilling this underexplored area for a long time and follow up drilling will resume shortly.  
 
Sirius Resources reported a net loss of $18.99 million in the 2014 financial year.

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