Carnavale shares surged nearly 70% on "bumper grades" on its Kookyne ground between Kalgoorlie and Leonora, while Torque's stock spiked around 40% at one point on a "bonanza" interval from the Paris prospect down the road from Gold Fields' St Ives operations.
The standout headline hit from the Humphrey Hale-led Carnavle at Kookynie's McTavish East prospect was 6m at 79 grams per tonne gold from 97m, including 3m at 152gpt gold.
Carnavale claims "strong" gold mineralisation has been defined over 700m by RC and diamond core drilling, with aircore extending the anomaly a further 1km.
Carnavale's goal at Kookynie is to establish a "quality high grade gold resource", of a similar size to the historical Cosmopolitan mine, that can be trucked and processed at a nearby processing plant.
Currently capitalised about A$13-14 million, Carnavle is likely to be closely looking at its funding options given just over $1.1 million cash at the end of March.
Meanwhile, Torque's diamond core drilling returned 2.5m at 40.6gpt gold from 168m, including a narrower interval (1.2m) assaying 185gpt gold.
Metallurgical testwork is underway and further drilling imminent.
The Christian Moreno-led Torque raised $2.5 million a couple of months ago, and is divesting a non-core asset for $800,000 worth of cash and shares.
Torque was capitalised this week at about $16 million.
