Dateline Resources (ASX:DTR) witnessed a surge in its shares by as much as 25% to A$0.015.
The gains are the company’s highest intraday percentage since February 13.
Additionally, the company reported its stock reached its highest level since February 15.
Dateline Resources has mobilised a reverse circulation drill at its Colosseum gold mine in California.
The company also announced the expansion of its Colosseum drilling program with an additional 10 drill holes.
A significant movement of approximately 6.2 million shares was observed, in comparison to the 30-day average volume of 3.8 million shares.
So far this year, the stock has risen 40% as of the last close.
Dateline Resources is a mining and exploration company.