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Resources Top 5: New discoveries and imminent gold drilling results Mining share Gold explorer Megado has assays pending A drilling program at Scorpion–Fenix’ Pharos Iron Ore JV will be accelerated Here are the biggest small cap resources winners in morning trade, Wednesday July 21.   Investors agreed, sending the $38m market cap explorer up ~40% in early trade. New drilling results from 11 diamond drill holes at the Dikaki Prospect – one of 18 at Kroussou confirmed shallow high-grade zinc and lead mineralisation within 40m of surface. Highlight hits include 13.5m @ 5.3% Zn+Pb from 12.8m. “The results support the potential for a large-scale shallow, flat-lying, broadly mineralised system with possible continuity across multiple zones which could allow simple open pit mining extraction,” the company says.

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