S&P/ASX200 surges 2.93% to close at highest level since March 10

S&P/ASX 200 (INDEXASX:XJO) closed up 164.4 points or 2.93% at 5,780 points amid optimism over a gradual reopening of the world economy. Every sector improved with the financials a major contributor to the broader market moves. The index is now up 5.15% this week and at its highest level since March 10. Three of the big 4 banks rallied over 5% while Commonwealth Bank of Australia (ASX:CBA) added 3.9%. Most Asian markets are higher as US futures are pointing to a solid open on Wall Street after the Memorial Day long weekend. Proactive news headlines: Ora Banda Mining boosts Davyhurst gold reserves 60% to 330,000 ounces Ora Banda Mining Ltd (ASX:OBM) is higher after boosting gold ore reserves by 60% to 330,000 ounces at the Davyhurst Gold Project north of Kalgoorlie in Western Australia’s prolific Goldfields. The new combined probable estimate is for four key deposits at Davyhurst - Riverina, Missouri and Sand King open pits and Golden Eagle underground. Legend Mining shares jump after drilling 30 metres of massive sulphides from best Mawson hole to date Legend Mining Limited (ASX:LEG) shares are trading about 17% higher intra-day after intersecting 30 metres of massive sulphides in three intervals at the Mawson discovery within its Rockford Project in WA’s Fraser Range. Blackham Resources higher as ‘outstanding’ drill results confirm Wiluna sulphide strategy Blackham Resources Ltd (ASX:BLK) has been up to 22% higher after receiving high-grade gold results from resource development drilling at the Wiluna Gold Project which confirm the company's sulphide strategy. The drilling which returned up to 14.45 metres at 17.16 g/t from 18.95 metres, including 7.45 metres at 31.22 g/t at Bulletin lode was designed to increase confidence in sulphide resources from inferred to the indicated category. Altech Chemicals buoyed by tests showing 4N HPA is critical for lithium-ion battery safety Altech Chemicals Ltd (ASX:ATC) (FRA:A3Y) is buoyed by the results of high purity alumina (HPA) research activities that confirm 4N high purity alumina (HPA) is critical for lithium-ion battery safety and performance. In fact, the internationally-renowned FraunhoferGesellschaft research organisation shows that the use of lower quality alumina (sub-4N) and boehmite as a coating material for battery separators present potentially serious battery safety risks. Bardoc Gold hits broad high-grade gold outside ore reserves at Zorastrian Bardoc Gold Ltd (ADX:BDC) has received broad gold results from three recent diamond holes which confirm the continuity of high-grade mineralisation outside probable ore reserves at Zorastrian deposit within the Bardoc Gold Project in WA. Notable results include 15.2 metres at 3.75 g/t from 228.3 metres, including 5.1 metres at 10 g/t from 237.1 metres; 11.2 metres at 7.29 g/t from 235.5 metres; 8.8 metres at 4.3 g/t from 317 metres; and 24 metres at 2.05 g/t from 285 metres. Matador Mining now largest continuous landholder along highly prospective Cape Ray Shear Matador Mining Ltd (ASX:MZZ) has become the largest continuous landholder along the gold prolific Cape Ray Shear in Newfoundland, Canada, by increasing its landholding to more than 120 kilometres of continuous strike. This consolidation of five additional mineral licences has provided a 50% increase in ground along the shear and brings Matador’s total holding in Newfoundland to 425 square kilometres. Twenty Seven Co results confirm strongly anomalous gold and base metal zones at Rover Twenty Seven Co Ltd (ASX:TSC) has verified the discovery of strongly anomalous gold and base metal zones at Rover Project in WA following recent drill testing of four bedrock conductors. Results from the inaugural drill hole at the 600-metre-long Red Bush target intersected 12 metres at 0.15 g/t gold, associated with strongly anomalous arsenic and confirming a zone of gold 7 kilometres southeast of Creasy-1.