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Mineral & Financial Investments Ltd - Investor in natural resources sector - Announces exploration results from investee Redcorp Empreedimentos Mineiros Lda, an operator of an exploration & development company, engaged in Lagoa Salgada project in Portugal.
At Venda Nova, Redcorp finds around 21% zinc equivalent from 165 metres of depth, 2.3% copper at 14 metres and around 13% zinc equivalent from 252 metres. Further, in hole Met_MS_07, it finds 210.5 grams of silver per tonne, and 149.4 grams of silver per tonne in hole Met_MS_06.
Redcorp expects the bankable feasibility study to complete by the end of 2023’s first quarter.
Looking ahead, two additional infill holes are currently in progress for a total of 985 metres.
Current stock price: 14.67 pence, up 4.0% on Monday
12-month change: up 25%
By Tom Budszus, Alliance News reporter
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