Erris Gold Resources Ltd said it had finished scout drilling of six holes at the Lead Trial prospect in Perthshire.
The company completed the drilling last week and the rig has now left the site.
Erris said that its geologists were ‘very encouraged’ by the core and are awaiting assay results ahead of a major drill campaign later in 2021.
This will aim to define the true scale of the hydrothermal system and its gold distribution.
Results from November 2020 showed high grade gold with a mineralised footprint extending over 4.5 km2.
There was also evidence of mineralised fault structures capable of hosting a resource in excess of the company’s minimum exploration target of 250,000 oz gold.
Erris’s other projects include joint ventures with GreenOre Gold plc at Corrie Buidhe silver mine and the Loch Tay project.
A 2019 agreement gave Erris the option of earning 80% of the Loch Tay project on the discovery of a 250,000 oz gold deposit.