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Gold Line Resources Ltd (OTCMKTS:TLLZF) Stock Gains Momentum: Jumps 16%

Pete Matthews , , , ,

Gold Line Resources Ltd (OTCMKTS:TLLZF) has announced the first results of its maiden drill project. The company has completed five drill holes for 670m from October to November 2021. Gold Line has already received and certified three of the holes. It is now waiting for data from the other two.

Market Stats

On Monday, TLLZF stock soared 16.17% to $0.1250 with 1k shares, compared to its average volume of 3.22k shares. The stock has moved within a range of $0.1250 – 0.1250 after opening trading at $0.1250.

GOLD LINE DRILLS 22.5 METRES OF 2.4G/T GOLD AT PAUBÄCKEN, INCLUDING 9.5 METRES OF 4.6G/T GOLD

The drilling project is part of a maiden drill project that the company will finish in the summer of 2022. Gold Line completed the first phase of their plan in Novemberand will go to the next step when the reindeer leave.

DH PAU21003 found a 1.43g/t Au anomaly of gold-in-bedrock. The company previously identified the target at Paubäcken after a sampling project. However, bedrock exposure inthe region is non-existent, making the target blind.

Gold Line also found areas with anomalous gold in DH PAU21002. It drilled about 450m southeast of DH PAU21003. Despite this zone not being as rich as DH PAU21003, it still had high calc-silicate and biotite alteration. In addition, the DH PAU21002 had narrow amphibolite areas.

The company concluded that the two drill holes did not have similar structural trends.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.