Canadian junior explorer BonTerra Resources Inc on Wednesday said it found a significant amount of high-grade gold at its Eastern Extension property in Quebec.
The company's shares jumped 25 percent to a near five-month high of 37 Canadian cents in early trade on the Toronto Venture Exchange.
The stock was one of the top gainers on the exchange, with a little over a million shares changing hands by 1005 ET.
The company said samples from the BA-11-29 hole returned 114.0 and 129.0 grams per tonne of gold.
BonTerra which also owns the Lavoie, Urban-Barry and Anderson gold properties in Quebec, said assays for the remaining four drill holes are pending.