Global Geoscience (ASX:GSC) has confirmed high-grade mineralization at Rhyolite Ride Lithium-Boron Project.
The mineral explorer and developer, confirmed drilling results within the south of the current Mineral Resouce, where the project is currently underway in Nevada USA.
The drilling program was designed to upgrade and increase the current indicated and inferred mineral resource of 393 million tones.
The results come just after one week after the company raised $30m though an institutional placement lead by Citigroup Global Markets Australia.
Shares in Global Geoscience (ASX:GSC) are trading 2.22 per cent higher at $0.23.