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Why the Emu (ASX:EMU) share price is rocketing 67% today



The Emu NL (ASX: EMU) share price is rocketing today, up 62% in afternoon trading after posting gains of more than 118% earlier today.

Emu shares are surging after the gold explorer released some promising drill results from its Gnows Nest Project in Western Australia.

What drilling results did Emu report to send shares flying?

In today’s ASX release, Emu reported its maiden drilling program has confirmed and extended the high-grade gold mineralisation zone at its recently acquired Monte Cristo Gold prospect and its Gnows Nest Gold prospect.

To date, the company has received assay results from 33 drill holes, or 3,700 metres of its 9,000-metre reverse circulation (RC) drilling program at the project. Extensions to the high-grade…

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