Sirius Resources (
ASX: SIR) has cheered a beleaguered resources market, declaring the discovery of a “significant zone of gold mineralisation” at its Polar Bear project in WA.
The release of shallow intersections such as 49m at 2.69gpt and 68m at 1.13gpt at the Baloo prospect sent Sirius shares 20c higher to $2.51.
The market’s response was a far cry from that generated by exploration results in Sirius’ heyday. But in an environment where the yellow...