UPDATE 1.50pm: The meteoric share price rise of market darling Serius Resources has continued after the company announced more encouraging drilling results from its Fraser Range project east of Norseman.

Shares in the company surged another 12 per cent after it announced it had intersected thick massive sulphide in the first two holes drilled in conductor 6 at its newly discovered Bollinger deposit adjacent to the Nova deposit.

Serius said the hits were likely to represent the southern extension of the Bollinger zone.

It said the massive sulphides were similar to those seen at Nova and the zone remained open in all directions.

Drilling would continue.

The company said its maiden JORC resource estimate for Nova remained on track for completion this month.