Shares in mineral explorer Eclipse Metals (ASX:EPM) have enjoyed a significant boost, with a jump of almost 11.8% to A$0.019, a high not seen since July 26.

This surge follows the company’s announcement of its inaugural drilling program at Grønnedal in Greenland yielding evidence of rare earth element mineralization.

Additionally, the drilling results confirmed high ratios of up to 50% of praseodymium and neodymium.

The company also mentioned that plans to conduct diamond drilling, aiming to scrutinize Grønnedal’s depth potential, are expected in the fourth quarter of the year.

Thus far, Eclipse Metals' stock has experienced a rise of about 6.3% this year up to the last close.

Eclipse Metals is a mineral exploration company focused on delivering value to shareholders through the advancement of its mineral exploration projects.